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To play devil's advocate... It's a free country, and these people are accredited investors who can make their own choices. This individual already paid the pen
by chris_va 6y ago
To play devil's advocate...
It's a free country, and these people are accredited investors who can make their own choices. This individual already paid the penalty demanded by our society for their actions. It sounds like you are suggesting a lifetime ban would have been a more appropriate penalty, but that would be more of a comment on our justice system. Is it really the job of our justice system to be a nanny state for everyone's past wrongdoings?
(maybe yes, but it's a very slippery slope)
- random314 6y agoThe investors may be responsible for other people's money. There is a principal agent problem here.
- toomuchtodo 6y agoExactly this. Is there going to be recourse when pension or retirement funds are lost? Nope!
- jjeaff 6y agoIf he ended up scamming people again, I wonder if this would be a case of such flagrant disregard for one's fiduciary duty as a fund custodian that investors could actually sue them for breach.
- toomuchtodo 6y agoWe should not put investor dollars at risk to find out.