SAC Capital says it could be charged by SEC

What a great business when run well. So, what else is new?

If jail and fines haven’t shut down these pariahs to our society the death penalty should slow them down.

Firms such as these laugh at the SEC and other regulatory bodies. We jump through the stupidest hoops to keep them happy, meanwhile we do just about anything we want.

It’s pretty much a joke. Rarely is any kind of jail time involved and I mean RARELY. So, likely it will be another fine with “admitting no wrong” settlement.

Then back to the mine to steal some more. Have a great day !!! and God bless!!!

In this headline, the work “charged” should be changed to “protected for a fee” to reflect what is really going on.

Once again, what should be a criminal offense perhaps punishable under RICO laws resulting in huge financial penalties and plenty of prison time will instead end in a negotiated settlement (probably with no admission of wrongdoing).

The SEC is a silk-suited crooks best friend.