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No, it's their job to protect consumers. It is not their responsibility to make moral judgements on assets.
by toolz 4y ago
No, it's their job to protect consumers. It is not their responsibility to make moral judgements on assets.
- woodruffw 4y agoThere is no moral judgment here. "Fraudulent and manipulative acts and practices" is the language of systemic and individual risk, not a moral statement. (You will note that the SEC is more than happy to allow ETFs that specialize in petrochemicals or defense contractors; there is no evidence whatsoever that this was a morally driven decision.)