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I hear these arguments over and over again. 'The fines are significant and surely it won't happen again!' And yet, the same things keep happening over and ove
by OnlineGladiator 5y ago
I hear these arguments over and over again. 'The fines are significant and surely it won't happen again!' And yet, the same things keep happening over and over and over again.
Please point me towards some examples where these types of fines actually changed how companies do business, because as far as I can tell they keep getting fined for the same things over and over again and they keep making record profits!
I can dig up examples where banks are fined hundreds of millions when they made billions. Why should I believe this is any different?
- MR4D 5y agoPersonally, I don’t think it matters what amount the fine is. Fundamentally, short of putting all your employees in a Faraday cage, it is not possible to prevent this activity. I think it can be reduced, and good software can help, but stamping it out is impossible. Please note that this comment only refers to this rule in general, not to the specific JPM instance.