4 ms·

Tell that to my girl Martha

• kelnos 4y ago
  The funny thing about that case is that she wasn't jailed for securities fraud; she was jailed for conspiracy, obstruction of justice, and lying to investigators. Which fits the theme: the SEC is apparently not particularly great[0] at investigating financial crimes. They're "lucky" that they managed to get Stewart on what are essentially technicalities. [0] Not even trying to shit on them personally; if the OP is correct that until recently, only two SEC employees had subpoena powers, no wonder they aren't able to pursue everything they should be pursuing.
  • nradov 4y ago
    The SEC doesn't have the authority to prosecute financial crimes. They do civil enforcement only. If they do find evidence of criminal activity they pass it on to the Justice Department.