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They were obligated to unwind their customers. They were obligated to report the crimes to UK authorities. I'm not impressed by the fact that there are aspects
by bobbyi_settv 13y ago
They were obligated to unwind their customers. They were obligated to report the crimes to UK authorities. I'm not impressed by the fact that there are aspects of this where they actually didn't break any laws, and it isn't a compelling defense for why they shouldn't be fined for the parts where they did.
- josephlord 13y agoI'm not saying that some punishment may have been appropriate but 1.7Bn plus damages on top seems plenty based on my understanding from the article rather than that they got off lightly as suggested by the post I was responding to. The relevance of the report in the UK is that it suggests not reporting to the US was oversight rather than a decision to take commercial advantage of the knowledge rather than bring in the authorities (unless they were counting on the UK authorities being useless).