3 ms·
You're assuming they prosecute at all. They're quite inept at their job given the amount of funding that is poured into the organization. Example: Perot System
by steveplace 17y ago
You're assuming they prosecute at all. They're quite inept at their job given the amount of funding that is poured into the organization.
Example: Perot Systems gets bought out Monday by Dell. The week prior we see 2500 calls bought at the offer for $1, and on Monday they traded at 9.60. Do note that the calls were an unusual volume anomaly in the name.
This trade data will most likely be looked over by the SEC.
- jhancock 17y agoI'm guessing the SEC is both underfunded && following political direction. They may have needed more funding to go after all the potential illicit trading the last 10 years or so, but it seems they could have gone after more than they did. I find it very interesting the SEC did not touch Madoff until the end of 2008 when there seem to be strong warnings several years earlier.
- steveplace 17y agoI'm going to eat my words on this one. They are prosecuting the guy who put on this particular trade. Was an employee of Perot systems, made ~9MM on the trade.