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> Which is why the fines are always greater than the net gains. The $3 billion in fines Wells Fargo paid versus the multiple billions it made from 2002-2015. T
by cbozeman 6y ago
> Which is why the fines are always greater than the net gains.
The $3 billion in fines Wells Fargo paid versus the multiple billions it made from 2002-2015. The bank has almost $2 trillion in assets as of 2020.
> Do you think the SEC is full of morons?
No, worse. Cowards. Entirely too many see the SEC as a pathway to a high-paying job on Wall Street. You learn the ins and outs of compliance and go from a GS-8 - GS-13 making $70,000 - $150,000 a year, to making $1 million a year helping these banks, hedge funds, and other investors sidestep regulations by the most narrow of line-toeing.
- koheripbal 6y ago> $3 billion in fines Wells Fargo paid This had ZERO to do with Front Running.