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This doesn't imply that he did anything illegal. It's standard in hearings to get any/all prominent people/corporations involved to testify to paint a clearer p
by dagmx 6y ago
This doesn't imply that he did anything illegal. It's standard in hearings to get any/all prominent people/corporations involved to testify to paint a clearer picture for law makers to then potentially act on. It's more research than anything.
- valuearb 6y agoHe clearly violated his professional obligations, but congress doesn’t prosecute anyone, Massachusetts will if anyone does.
- dagmx 6y agoYes, personally I think he's in for some trouble with MA, but I was speaking to the congressional hearings which, like you said, aren't a prosecution. I do think he purposefully downplayed his financial history in an aim to drive up hype, and as you stated, violated his professional obligations. At best, he walked a very thin line which will be scrutinized. At worst he broke the law and will face charges, and WSB will add a new chapter to their lore either way.
- paul_f 6y agowhat professional obligations specifically?
- valuearb 6y agoHe’s a licensed broker carrying five license, working for a licensed brokerage. They aren’t allowed to make public investment recommendations.