Hear, hear. Insider trading is theft, usually of information. It is a way of rigging the game, and it undermines confidence in the financial system. But why is there no relentless pursuit of executives who took part in what amounts to a far bigger conspiracy — knowingly selling billions of dollars in fraudulent mortgage loans and securities? Instead, the feds have repeatedly opted against prosecuting individuals implicated in these crimes in favor of limp legal settlements that history shows have no deterrent effect, let alone a whiff of justice.
‘Enforcement 40’ for 2020
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