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It is probably considered their job but I don't have any confidence in the SEC to proactively investigate anything of real substance. However they did not even
by sseveran 8y ago
It is probably considered their job but I don't have any confidence in the SEC to proactively investigate anything of real substance. However they did not even have to spot it since Mr. Markopolos turned up with a ton of evidence that it was a Ponzi scheme. They did not even do basic things like verify that he was actually trading.
- gdfasfklshg4 8y agoBut in this case shouldn't the regulator assume some liability?
- sseveran 8y agoThe courts in the US have long upheld that law enforcement (and probably by extension, regulators) are under no obligation to protect you.