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Go look at the SEC’s mission statement and the full name of the ‘33 Act and ‘34 Act.
by elliekelly 5y ago
Go look at the SEC’s mission statement and the full name of the ‘33 Act and ‘34 Act.
- gruez 5y ago>SEC’s mission statement Okay, but that's not how laws work. You can't go to the judge and say, "your honor, this person violated the SEC's mission statement and is therefore a criminal!". The mission statement might be correlated with what the law says (it might also not be, see: "to serve and protect"), but the ultimate source of truth is statues/precedence. Given that your claims contradicts what two well credentials individuals[1] claim, it seems prudent to require more evidence than just "that's SEC's mission statement". A link to the exact section of the relevant statue, or a relevant appellate court decision would do. [1] matt levine was "a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz, and a clerk for the U.S. Court of Appeals for the 3rd Circuit", and the person interviewed for the NPR story was "a defense attorney" and "now a fellow at Yale Law School". >full name of the ‘33 Act and ‘34 Act. Same argument as above.
- elliekelly 5y agoYes. My mistake. I don’t know anything about federal securities laws. Thank you for explaining it to me. There’s always an expert on HN!