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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Lola who wrote (66887)2/10/2001 6:52:13 PM
From: mmmary  Respond to of 122088
 
Sometimes the money goes to a fund for shareholders

But if you're just talking about the usual l5K-30K fine, that just goes to the SEC directly. It's easier and cheaper for them to just slap them on the wrist and have them pay these fines then do a full investigation and press charges and go through the court system. A lot of times the fines aren't even paid, just assessed.

Sometimes they do set up accounts for the sharehodlers but it's so very rare. Go to sec.gov and look at the few funds they have listed there for shareholders. The only way to get any real money is to start a class action lawsuit. Then you have to make sure you can get to the money or they have D&O insurance.