Oct. 6, 2022
October 6, 2022 I do not think that the SEC should be offering deals, or be negotiating on behalf of investors to settle legal arguments pertaining the defrauding of investors with out a judicial trial. Time and time again banks, hedge funds and larger entities are just fined 1934 prices for 2022 crimes, this has to end. A fine from the SEC or FINRA should never be considered a cost of doing business. Recently the SEC and FINRA both have touted that they fined banks for making thousands of violations and just pennies on the dollar fines. This needs to stop. Fines should be based on per share violated and fines should be based on each share and profits from those trades shall be forfeited. To big to fail is not a thing. You are protecting the wolf from the sheep, instead of killing the wolf. This injustice to the common investor has gone on too long, the fox is in the hen house and it will be routed out one way or another. I also think by crafting deals to circumvent a trial to proof fault in defrauding the public marked the SEC and FINRA accomplices in those crimes and should be looked into by the DOJ and the FBI in a RICO association.