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AFAIK SEC laws and regulations about misrepresentation are only sporadically enforced to encourage compliance by example. Look at what Musk and his companies ha
by billiam 5y ago
AFAIK SEC laws and regulations about misrepresentation are only sporadically enforced to encourage compliance by example. Look at what Musk and his companies have gotten away with. Of course, I am all for these disclosures, which of course FB will pay their way out of without admitting wrongdoing. Because corporations manage our government, not the other way around.
- chalst 5y agoSEC cases are hard to put together, but the the SEC is far from toothless. Cf. [1]. Lying to Congress is another matter: perjury convictions are pretty rare. [1]: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=933333 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=933333