I agree this shouldn't be posted on HN but just to clarify. My issue with this article is it doesn't spell out the law behind the case. If the SEC doesn't thi

I agree this shouldn't be posted on HN but just to clarify. My issue with this article is it doesn't spell out the law behind the case. If the SEC doesn't think they can win a case against Citigroup and they were settling to impose whatever punishment they could then this judge isn't a hero at all. In fact he'll be facilitating Citigroup by letting them get away with this completely. By not telling us what law Citigroup violated and giving us the language in the law so we can make our own judgment this article prevents us from discussing the issue intellectually. Which makes it just an emotional argument and hence inappropriate for HN