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The SEC doesn't have infinite resources to investigate every possible case like this. As with most prosecutions, they just go after the most obvious/high-profi
by VWWHFSfQ 6y ago
The SEC doesn't have infinite resources to investigate every possible case like this. As with most prosecutions, they just go after the most obvious/high-profile/egregious cases that have the highest probability of success.
- colejohnson66 6y agoThat’s mostly because Congress writes the budget, and the President “spends” what is allocated to the SEC on the SEC (no surprise). So the SEC (and IRS) is/are kneecapped because Congress doesn’t give them enough money (either because they don’t want to, or the President doesn’t ask for enough). The cynical take is that Congress profits from insider trading, tax evasion, etc. and want to prevent themselves from being investigated. Whether that’s true or not would be hard to prove.