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No, just Fidelity and Vanguard (and S&P themselves) have to do due diligence for this sort of thing. In reality though, if $100 billion fines were on the table
by pclmulqdq 2y ago
No, just Fidelity and Vanguard (and S&P themselves) have to do due diligence for this sort of thing. In reality though, if $100 billion fines were on the table for companies like uber, that diligence would be priced into the stock and it would be far more effective.
- JumpCrisscross 2y ago> just Fidelity and Vanguard (and S&P themselves) have to do due diligence You're proposing bankrupting millions of Americans' retirements because Uber didn't follow local taxi rules? > if $100 billion fines were on the table for companies like uber, that diligence would be priced into the stock and it would be far more effective Yes. Again, we're re-inventing massive fines.
- __MatrixMan__ 2y agoI don't think that scratches the itch. The point is to hold people personally responsible for what their money is doing. Mutual funds should be risky business because they obfuscate important details from the person who's making the decision--that's not a recipe for markets that work well.