Tuesday, November 12, 2013
The US Govt now has been transformed into a fine collector
Ateneo Professor on Entrepreneurship
Repost from From Liberty Investor
The post mentions about hedge fund owner Steve Cohen about to pay huge fines for insider trading and failed supervision of traders. The article mentions new role for SEC and other public offices. They are no longer watchdogs which should prosecute wrongdoings but have metamorphosed into fine collectors, rather than being a prosecutor, who send people to jail
Repost from From Liberty Investor
The post mentions about hedge fund owner Steve Cohen about to pay huge fines for insider trading and failed supervision of traders. The article mentions new role for SEC and other public offices. They are no longer watchdogs which should prosecute wrongdoings but have metamorphosed into fine collectors, rather than being a prosecutor, who send people to jail
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