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I was wondering when this was going to land, specially after the report on "Money" Mayweather and Centra: https://news.ycombinator.com/item?id=15576102 https://

I was wondering when this was going to land, specially after the report on "Money" Mayweather and Centra: https://news.ycombinator.com/item?id=15576102 https://news.ycombinator.com/item?id=15576102 Now the question is - What is the SEC's bottom line to start pursuing some kind of investigation or indictment? The only action till now, as far as I know has been one of the outright frauds: https://news.ycombinator.com/item?id=15370631 https://news.ycombinator.com/item?id=15370631

ringaroundthetx 9y ago
> The only action till now, as far as I know has been one of the outright frauds Thats what they typically do and there are bigger fish to fry https://www.sec.gov/litigation/litreleases.shtml https://www.sec.gov/litigation/litreleases.shtml https://www.sec.gov/litigation/admin.shtml https://www.sec.gov/litigation/admin.shtml https://www.sec.gov/divisions/enforce/friactions.shtml https://www.sec.gov/divisions/enforce/friactions.shtml Their mandate isn't to maintain the social and economic order like a verbatim press release from the Communist Party of China, their mandate is investor protection. They have tools and a wide degree of discretion, and that doesn't usually mean crashing market sentiment.