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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
by 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 agoDollars 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 agoNo, 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.
- staunch 16y agoWealthy 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