We do have many that break SEC rules, but no one goes to jail, often, ...a slap on the wrist and a fine that is meaningless. "Blackrock," ...anyone ever here of them (smirk.)
Quote:
A survey recently commissioned by the Hedge Fund Association produced some statistics bound to raise investor eyebrows. In the quest for alpha, nearly half of hedge fund professionals surveyed believe their competitors engage in illegal activity, more than one third have personally felt pressure to break rules, and about one third have witnessed misconduct in the workplace.
To boot, more than half of respondents reported the SEC is ineffective in detecting, investigating and prosecuting rule violations.
Survey respondents, however, reported overwhelmingly -- by more than 90 percent -- that their firms put the best interests of investors first.
End Quote.
SMDH - The last sentence above is a total joke!!
MUX has been a victim for many years, and could still be from time to time. |
