4 ms·
By your theory, auditors should be put into jail on a much higher rate as they have WAY MORE insider information, yet they don’t. Also, there is a law prohibit
by bardworx 4y ago
By your theory, auditors should be put into jail on a much higher rate as they have WAY MORE insider information, yet they don’t.
Also, there is a law prohibiting senators from trading on insider information, which kinda goes against your whole point.
https://www.congress.gov/112/plaws/publ105/PLAW-112publ105.htm https://www.congress.gov/112/plaws/publ105/PLAW-112publ105.h...
- TheOtherHobbes 4y agoThere are also laws against rape, murder, and jaywalking, yet they happen daily.
- bardworx 4y agoAt first glance you seem to be comparing events that have to be witnessed vs database entries that are centralized, heavily audited, and very accurate. It’s a lot easier to match patterns in a db vs. real life crime.
- P5fRxh5kUvp2th 4y agoThey're pointing out that something being illegal doesn't stop it from happening. But more to the point, you're wrong here and we know you to be wrong because otherwise white collar crime wouldn't exist, but it does.
- bardworx 4y agoI don’t understand why you have such a stance and how you “know”…SEC publishes their enforcement data on an annual basis, which supports my argument. https://www.sec.gov/news/press-release/2022-206 https://www.sec.gov/news/press-release/2022-206