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The business community seems pretty upset by the penalties the SEC has been levying lately... https://news.bloomberglaw.com/us-law-week/the-supreme-court-shoul

by ethbr1 3y ago

The business community seems pretty upset by the penalties the SEC has been levying lately... https://news.bloomberglaw.com/us-law-week/the-supreme-court-should-curb-the-secs-excessive-penalties https://news.bloomberglaw.com/us-law-week/the-supreme-court-... (The Supreme Court declined to hear the case)

dchftcs 3y ago
To be fair, they are not mutually exclusive. Businesses are incentivized to fight penalties as long as they think the legal costs are small enough compared to the fines themselves, regardless whether the activity their fine on was still profitable after the fine.