4 ms·
well the thought was that it would strictly be tied to actions dealing with the market. there’s a lot of other people’s money in the market, bad actors are capa
by awinder 9y ago
well the thought was that it would strictly be tied to actions dealing with the market. there’s a lot of other people’s money in the market, bad actors are capable of creating markedly more damage than personal benefit. this is more about making sure someone with capital can’t repeatedly do dodgy things.
but yeah, it’s a weird hypothetical and the SEC is going after a bad actor here, so maybe the system is working