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Well, no, here's what you said: > the SEC is a rotating door between these same firms, so have no reason to intervene. The SEC can intervene, and does interve
by totalZero 6y ago
Well, no, here's what you said:
> the SEC is a rotating door between these same firms, so have no reason to intervene.
The SEC can intervene, and does intervene. I don't know why you're talking about jail. The SEC doesn't throw people in jail. It doesn't even have the ability to file criminal charges by itself; prosecutors like the US Attorney for the Southern District of New York do that. And they have.
Besides, I don't think this situation is similar to the financial crisis for several reasons. Not the same actors, not the same markets, not the same securities...