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Good for the SEC and for BlockFi for keeping these kinds of things in the public purview. I hate how the FDA has so little teeth, comparatively. Eg: https://pe
by maerF0x0 5y ago
Good for the SEC and for BlockFi for keeping these kinds of things in the public purview. I hate how the FDA has so little teeth, comparatively.
Eg: https://peckford42.wordpress.com/2021/10/05/pfizer-covering-up-the-truth-with-out-of-court-settlements-worth-billions-of-dollars/ https://peckford42.wordpress.com/2021/10/05/pfizer-covering-...
- arcticbull 5y agoIt's just too bad that the SEC's fines are small enough that companies can absorb them. Feels more like they're getting their beaks wet. They need to impose significantly higher penalties and even dissolve the business if appropriate.
- duxup 5y agoProvided we're not talking about an economy crashing act. Fines probably should be lower than "can't absorb them". The prospect of the SEC crashing every rando company with fines isn't great. Lotta people hurt who had nothing to do with it. I worked at a company that pulled some illegal stuff with backdating stock awards and so on. CEO actually went to jail. I'm glad I still had a job and the company rolled on, our customers were probably happy too.
- deleted 5y ago[deleted]
- maerF0x0 5y agoI think by "absorb" the poster meant "Pay the fine and still make a profit from the fine inducing activity"
- arcticbull 5y agoThanks! Yes, that's exactly what I meant.