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In addition to the fine, the SEC notes that the founder lost $65 million dollars as a result the drop in price and compensating early investors for that drop.

• shimon 9y ago
  This seems like a pretty strong example in favor of the idea that the SEC doesn't need to do much to protect investors in private companies, because they tend to be more sophisticated (better at protecting themselves).
  • salemh 9y ago
    Is this a sarcastic comment?