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>"The government decided that these record keeping failures were serious enough to warrant a hundred million dollar fine." The SEC likes to go after these sort
by nickff 5y ago
>"The government decided that these record keeping failures were serious enough to warrant a hundred million dollar fine."
The SEC likes to go after these sorts of settlements, as they can post large dollar values without having to prove any actual harm. On the other side, these settlements are so common that they're just a cost of doing business, basically a tax.