3 ms·

SEC got neutered when the previous US administration got into power. The administration before that was actively pursuing cases.

koheripbal 6y ago
False: https://secsearch.sec.gov/search/docs?utf8=%E2%9C%93&affiliate=secsearch&dc=654&query=insider+trading&commit=Search https://secsearch.sec.gov/search/docs?utf8=%E2%9C%93&affilia...
- boringg 6y ago
  True: https://wp.nyu.edu/compliance_enforcement/2017/10/09/trump-v-obama-u-s-sec-anti-corruption-enforcement-actions-scorecard/ https://wp.nyu.edu/compliance_enforcement/2017/10/09/trump-v...
  - koheripbal 6y ago
    No - false. They cherry picked a data window... > January 2016 through the end of the SEC fiscal year on September 30, 2017 If you look at the followup data, you can see both administrations are similar... https://www.law.nyu.edu/sites/default/files/Fig3-SEEDNov2020safe.jpg https://www.law.nyu.edu/sites/default/files/Fig3-SEEDNov2020... ...and then if you actually read my above link, you'd see numerous Insider Trading prosecutions (which was the original false claim made above).
    - boringg 6y ago
      You are correct that they cherry picked information. However you are still incorrect on the original assertion that SEC is not in fact neutered. There have been more enforcement actions but insider trading enforcement has been the lowest in decades: source: https://www.npr.org/2020/08/14/901862355/under-trump-sec-enforcement-of-insider-trading-dropped-to-lowest-point-in-decade?utm_source=facebook.com&utm_term=nprnews&utm_campaign=politics&utm_medium=social https://www.npr.org/2020/08/14/901862355/under-trump-sec-enf...
TuringNYC 6y ago
Could you note any major cases the previous administration pursued that didn't involve some lone scapegoat trader and/or a minority everyone could agree to dislike? Were there any actual cases after the 2008 mortgage/cdo/cds crisis, for example?

3 ms·

SEC got neutered when the previous US administration got into power. The administration before that was actively pursuing cases.

by boringg 6y ago

koheripbal 6y ago
False: https://secsearch.sec.gov/search/docs?utf8=%E2%9C%93&affiliate=secsearch&dc=654&query=insider+trading&commit=Search https://secsearch.sec.gov/search/docs?utf8=%E2%9C%93&affilia...
- boringg 6y ago
  True: https://wp.nyu.edu/compliance_enforcement/2017/10/09/trump-v-obama-u-s-sec-anti-corruption-enforcement-actions-scorecard/ https://wp.nyu.edu/compliance_enforcement/2017/10/09/trump-v...
  - koheripbal 6y ago
    No - false. They cherry picked a data window... > January 2016 through the end of the SEC fiscal year on September 30, 2017 If you look at the followup data, you can see both administrations are similar... https://www.law.nyu.edu/sites/default/files/Fig3-SEEDNov2020safe.jpg https://www.law.nyu.edu/sites/default/files/Fig3-SEEDNov2020... ...and then if you actually read my above link, you'd see numerous Insider Trading prosecutions (which was the original false claim made above).
    - boringg 6y ago
      You are correct that they cherry picked information. However you are still incorrect on the original assertion that SEC is not in fact neutered. There have been more enforcement actions but insider trading enforcement has been the lowest in decades: source: https://www.npr.org/2020/08/14/901862355/under-trump-sec-enforcement-of-insider-trading-dropped-to-lowest-point-in-decade?utm_source=facebook.com&utm_term=nprnews&utm_campaign=politics&utm_medium=social https://www.npr.org/2020/08/14/901862355/under-trump-sec-enf...
TuringNYC 6y ago
Could you note any major cases the previous administration pursued that didn't involve some lone scapegoat trader and/or a minority everyone could agree to dislike? Were there any actual cases after the 2008 mortgage/cdo/cds crisis, for example?