Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Off-Topic Post, Non Stock Talk
»
SEC charges iHub operator with P&D
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by glassman: [QB] i wouldn't take anything i read on the hub seriously. for starters? the DOJ is now involved- this changes everything. in the past the SEC has made civil cases against most perps on the markets. very few cases have gone to Federal Court, a few notable exceptions were in Enron, and healthsouth, those were CEOs, not traders. i've seen pure fraud perps involved in trading get a fine and no more from the SEC, i've seen admissions of guilt and no lo contendre pleas with no penalty the SEC doesn't put people in jail. they simply sanction people using the civil system. the DOJ makes good cases, they tent to send 90% of people that go to court to jail. sure 100 yrs total equals 5 yrs realtime, usually people take a plea bargain instead of facing the 100 yrs. the SEC should be a permanent part of the DOJ, that would clean the markets up alot. too many people are able to still make a big profit after paying fines and never see jail. jailtime for white collar crime even in the million dollar range is rare, but a street crimnal invloved in a 1000$ theft could and often does get years. change that and you'll see different behaviour patterns on Wall st. i believe the general public is demanding just that. this case has been under investigation for a couple years, these charges are not likely trumped up. the fact that Matt is still working as Admin is telling about the ownerships attitude. they don't care. even if they know he's innocent? it is common practice to set someone aside until the indictmants are cleared up in any business. this case should be considered a serious warning to people manipulating the markets illegally. they are interested in you. ;) [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2