There has been increasing amount of outrage with SEC recently, you be the judge:
Zero Hedge: Sec Needs Your Feedback
….. Since FINRA and the Securities and Exchange Commission believe in going only after $1,000 insider traders with the full weight of their enforcement teams, yet ignore major market manipulation in futures and other markets, Zero Hedge wanted to present readers an opportunity to be heard by the market’s regulators. …..
Karl Denninger: Where are the cops?
This is not the first time something like this has happened and I continue to highlight them in The Ticker as a log of apparent criminal market manipulation and insider trading, the rampant practice of which has turned our capital market system into a joke with the public and “Not Privileged” being the recipient of repeated screw jobs at the expense of those who are unlawfully tipped off in front of these sorts of “news releases.”
Tim Knight: The Outrageous SEC
A number of months ago, a Sloper reached out to me to tell me his story of how the SEC had charged him with insider trading and how he had to defend his innocence (a seven-figure legal expense) in a preposterous case in which the SEC finally relented. I met him face-to-face, and we even briefly discussed co-authoring a book on his story. I was amazed at the things that I heard - including tales of outright fabrication of evidence by the inept and corrupt organization which we taxpayers fund - and was distraught to learn that the pressure of the entire ordeal had also destroyed a lengthy marriage.
Then yesterday I read this article in the New York Times which seemed awfully familiar. It tells of Richard Kwak, now 72 years old, who similarly faced a charge which he vowed to fight to his last breath. He spent over a million dollars defending himself, and - once again - was acquitted of charges. Here’s a small excerpt from the article: …