4 ms·
The point of the receivership was to recover the money for creditors, not investors. Investors are quite literally the last people who get a recovery from a rec
by gamblor956 3y ago
The point of the receivership was to recover the money for creditors, not investors. Investors are quite literally the last people who get a recovery from a receivership.
I'm not going to keep arguing with a non-lawyer about something I've been involved with as a lawyer, so this will be my last comment on the matter.
- jnwatson 3y agoWhile you are correct in the general sense, court-ordered receiverships due to SEC enforcement action are very much about recovering investor money in a fraud situation. https://www.sec.gov/oiea/investor-alerts-bulletins/ib_receivers https://www.sec.gov/oiea/investor-alerts-bulletins/ib_receiv...