Friday, July 30, 2010

A Quick Look At SEC Headlines This Week - Corruption And Fraud Is The Rule And Not The Exception

In our world some poor schmuck who sells a pound of marijuana goes to jail for god knows how long. But in the financial world, it's just a matter of paying a comparatively small fine and heading back to the estate in the Hamptons. It's good to be the king.

Citigroup Said to Pay $75 Million to Settle SEC Subprime Case

SEC Charges Wylys In $550M Insider Trading Case

Ex-Hedge Fund Manager Paul Greenwood Settles Securities Claims With SEC


GE to settle SEC charges of foreign bribery
posted by TimingLogic at 8:59 AM