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The SEC can still pursue criminal charges
by gnopgnip 5y ago
The SEC can still pursue criminal charges
- zrail 5y agoThe SEC is not a law enforcement agency. They can and do partner with the FBI but there's a separation of powers problem with that.
- bcrosby95 5y agoCriminal charges for what exactly? The SEC exists by authority of Congress, and their purview is defined by Congress, just like every other regulatory body.
- sgent 5y agoThe SEC even in overt insider trading cases doesn't pursue criminal charges -- they refer it to the Justice Department. Congress currently is exempt from insider trading that comes about due to executing congressional duties. They would have to pass a law subjecting themselves to it.
- dragonwriter 5y ago> The SEC can still pursue criminal charges The SEC can refer apparent criminal violations to the Department of Justice, which is the only federal agency which can pursue criminal charges.