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I don't see why it wouldn't make sense. As long as it's handled in a careful way. You can pay extra to expedite all kinds of government services, why not SEC in

by staunch 16y ago

I don't see why it wouldn't make sense. As long as it's handled in a careful way. You can pay extra to expedite all kinds of government services, why not SEC investigations?

vaksel 16y ago
expediting other gov't services = getting a few things stamped can't work with SEC, since they have to do interviews etc
- shib71 16y ago
  That's still a problem that money can solve - hire more interviewers.
- VengefulCynic 16y ago
  According to the WSJ, a big part of the problem is navigating the voluminous paperwork. Adding additional clerks and lawyers to go through the whole file would probably expedite things quite a bit.
steveklabnik 16y ago
It could be construed as a bribe. If the money is coming from Cuban, they could be less likely to bring judgement against him. It doesn't actually matter if this is true or not; perception is reality.
Construct 16y ago
It creates a conflict of interest for the attorneys. It sets a precedent that wealthy people can receive faster treatment from the SEC. Of course, the SEC tends to investigate people who have made large amounts of money through potentially illegal means, so this may not be an issue. However, it also provides less incentive for the SEC to move quickly on other cases. If the SEC can accept money in exchange for speeding up the process, they are now one step away from slowing down or drawing out the whole process as a means for extorting money.
- mirkules 16y ago
  "SEC tends to investigate people who have made large amounts of money through potentially illegal means" I suspect it is illegal to accept illegally-obtained money. Therefore, if Mark was found guilty, the staff cannot be paid. Which also gives incentive to not find him guilty, resulting in a conflict of interest. IANAL, though.
  - ryanwaggoner 16y ago
    Dollars are the ultimate fungible good, and he didn't obtain all of his money from this alleged offense, so as long (total_net_worth - alleged_offense_gains) > expeditionary_payment, I don't see how this would be an issue.
  - anigbrowl 16y ago
    No, his staff are still owed unless they're complicit. Are you going to raid his janitor for happening to sweep the wrong floor? Same concept.
    - 0x44 16y ago
      Your parent meant the SEC staff, not Mark Cuban's staff.
      - anigbrowl 16y ago
        D'oh!
- staunch 16y ago
  Wealthy people can receive faster service for hundreds of government services. http://www.google.com/#q=site%3Agov+expedite+fee http://www.google.com/#q=site%3Agov+expedite+fee

by staunch 16y ago

I don't see why it wouldn't make sense. As long as it's handled in a careful way. You can pay extra to expedite all kinds of government services, why not SEC investigations?

vaksel 16y ago

expediting other gov't services = getting a few things stamped can't work with SEC, since they have to do interviews etc

shib71 16y ago
That's still a problem that money can solve - hire more interviewers.
VengefulCynic 16y ago
According to the WSJ, a big part of the problem is navigating the voluminous paperwork. Adding additional clerks and lawyers to go through the whole file would probably expedite things quite a bit.

steveklabnik 16y ago

It could be construed as a bribe. If the money is coming from Cuban, they could be less likely to bring judgement against him. It doesn't actually matter if this is true or not; perception is reality.

Construct 16y ago

It creates a conflict of interest for the attorneys. It sets a precedent that wealthy people can receive faster treatment from the SEC. Of course, the SEC tends to investigate people who have made large amounts of money through potentially illegal means, so this may not be an issue. However, it also provides less incentive for the SEC to move quickly on other cases. If the SEC can accept money in exchange for speeding up the process, they are now one step away from slowing down or drawing out the whole process as a means for extorting money.

mirkules 16y ago
"SEC tends to investigate people who have made large amounts of money through potentially illegal means" I suspect it is illegal to accept illegally-obtained money. Therefore, if Mark was found guilty, the staff cannot be paid. Which also gives incentive to not find him guilty, resulting in a conflict of interest. IANAL, though.
- ryanwaggoner 16y ago
  Dollars are the ultimate fungible good, and he didn't obtain all of his money from this alleged offense, so as long (total_net_worth - alleged_offense_gains) > expeditionary_payment, I don't see how this would be an issue.
- anigbrowl 16y ago
  No, his staff are still owed unless they're complicit. Are you going to raid his janitor for happening to sweep the wrong floor? Same concept.
  - 0x44 16y ago
    Your parent meant the SEC staff, not Mark Cuban's staff.
    - anigbrowl 16y ago
      D'oh!
staunch 16y ago
Wealthy people can receive faster service for hundreds of government services. http://www.google.com/#q=site%3Agov+expedite+fee http://www.google.com/#q=site%3Agov+expedite+fee