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This makes no sense. If you read Matt Levine, you know that literally everything a public company does can be considered securities fraud. It'd be impossible to
by pembrook 7y ago
This makes no sense. If you read Matt Levine, you know that literally everything a public company does can be considered securities fraud. It'd be impossible to run a public company if this were the case.
- qqqwerty 7y agoThe OP is suggesting that CEO's face harsher penalties when criminal activity, significant enough to be investigated and prosecuted, is discovered. If 'everything is securities fraud', and those frauds are not worthy of an investigation currently, then those companies would not be impacted by the suggestion. But they would have an incentive to be more diligent, as a precautionary measure.