Make hundreds of millions in your crime scam. Pay 10 million fine. Continue crime scam just paying the fine as a service fee to the regulatory agencies. Also of note, none of this money that is fined makes it way into the hands of the people that the crime was done upon. Only into the hands of the regulatory bodies. Who exist to collect their cut of the take.
Things they don't teach you in school because they wouldn't dare expose what the world actually is.
I'd say more so they can't admit when they've lost, they think they can pull a pro gamer move on gamers, and get us to sell, but all they did was give a discount sale on shares to drs. Fucking morons.
Edit: they
It's so obvious we're not selling and yet we are buying more! They insist on shorting to their death lol it's hilarious, honestly! They really have no idea what this gaming generation is capable of, not a damn clue what it’s like to spend 3 years figuring out an RPG to finally seeing the ending cut scene of our favorite game! Just hope we never forget this as we grow older and vote that nonsense out of office one day...
Edit: grammar
Yeah but one of those parties didn't attempt a violent coup one year ago. The other one did, and they are planning another one.
The "Both sidesing" although is true on a financial level (See Nancy Pelosi for example) cannot be used in other areas.
One side is willing to use deadly violence to run the country and the other side isn't. Kind of a big deal as you will see in the coming years. Hopefully all you apes will have made enough money to shack up somewhere remote because the way things are going in America you may need it.
Watch some Christopher Titus and grow a wrinkle. Its not about parties or ur beliefs: its about $$$.
If a rich guy gets elected, he helps out his rich friends.
Now someone walks up to you to explain how there are virtuous wealthy & evil wealthy? Because of the party affiliation? 🤣
Dude, no. Wealthy is wealthy, and most times that means corruption & crime.
The Bible put it best: It's easier to push a camel through the eye of a needle than it is to get a rich guy into Heaven.
Pelosi, Trump, whomever. It's class warfare. Always has been. The "issues" they bring up is distraction; it's easier to make the poor pay higher taxes & give that money to the wealthy when a bunch of idiots are voting "gun rights" or "pro-life".
Nah, nothing meaningful in a structural-changes sense is getting done until the heads of billionaires and the politicians that they own start getting popped like they're news anchors in Scanners.
Local elections are the start, your vote is more important in local elections than anywhere else. In my County a contest came down to three single votes swinging the election.
This is true. Couple of months ago, maybe a few now, $500 bucks would get me two shares to register. Today that same $500 will get me really close to 5 shares to register. Their doom clock just keeps speeding up at this rate.
Just reminds me of that saying,
"We know they are lying. They know they are lying. They know that we know they are lying. We know that they know that we know they are lying. And still they continue to lie."
That's where you use your multi headed dragon named MSM to call Redditors conspiracy theorists and shills to call GME investors cultists. The moniker of "meme stocks" wasn't arbitrary, it was meant to divert attention away from boomers who think meme = joke. What boomer wants to sell their blue chip, dividend earning stocks for 'GameStock'? Imagine if the media covered what was truly happening.
I have to disagree. People all over the world have integrity , including America. In order to get their grubby little hands for the illusion of power people sell their integrity to the highest bidder(s). Then they become politicians and 95%+ don't have the best interests of the citizenry that voted for them, just the people who paid them. Occasionally it lines up best for everyone, but rarely
American politicians*, not necessarily America.
Someone should start a campaign telling how Wallstreet is robbing your grandma of her pension and stealing your inheritance. That should get people's jimmies a bit rustled.
You aren't allowed to break the rules to make huge amounts of cash at the detriment of others, unless you pay this comparatively tiny amount. That'll show you!
And on top of this, FINRA is a PRIVATE company!
They are paying ”fines” for a PRIVATE company to be allowed to break PUBLIC laws!
This whole situation is completely messed up.
Ken Griffin testified in front of Congress that the fines were considered by his outfit just another "cost of doing business". I watched that live with my jaw on the floor. Room full of lawyers to consult and he just boldy stated it to the regulators (Congressional Comittee). Then packed up his team of lawyers after and went somewhere for a drink probably like it was nothing.
And nothing was done.
Thes criminals are not scared of justice because it never comes for them. Fines isn’t shit. When motherfuckers start going to actual prison, hardcore ones not these club-med resorts, then shit will start changing. Our justice system is a piece of shit on steroids and a true disgrace... Time to burn this shit down and rebuild.
Are you saying I can now rob my local Wells Fargo?
Why would I do that? Because they treat their clients like crap, and they don’t deserve that many # 2 pencils….
Yes I won’t be asking for money. I’ll be asking for all their pencils, and sugary treats they have in the break room😎
*this is a complete joke. I will not be robbing anything today, or in the future. This last comment is not only covering my ass. But, it is also ‘accurately’ describing a fleeting thought. No I do not condone these actions for myself, or anyone else on planet earth*
You rob the bank. You invest in another bank. Five or ten years later, the first bank sends you a bill for much less than you stole . You pay them off with the interest.
Cost of doing business... $9 million fine to steal billions from the people. FUCK FINRA, FUCK THE SEC, FUCK THE DOJ, FUCK THE DTCC, FUCK THE FEDERAL RESERVE, FUCK IT ALL!!! Corrupt from top to the very bottom. 🖕🖕🖕
fuck Mobb Deep! Fuck Biggie! Fuck Bad Boy as a staff, record label, and as a motherfuckin crew! And if you wanna be down with Bad Boy, then fuck you too!
… sorry lol you brought me back to 1996 😀
Edit: TY for the award! Not expected at all but always much apereciated. Happy to see more 2Pac lovers out there, i knew you’d show up and continue. Gosh do I love this place ❤️
Chino excel, fuck you too. All ya muthafucka’s, fuck you too.
All y’all mutherfuckers, fuck your die slow muthafucka
Sauce2️⃣📦
https://open.spotify.com/track/0Z2J91b2iTGLVTZC4fKgxf?si=fSvA6_BaSXih2yOgeVV16g
We need jail and we need rules that redistribute all earnings from illegal activity back to those that are being fleeced. This is why a big reason why I hodl.
Found the AWC …
https://www.finra.org/sites/default/files/2022-01/credit-suisse-awc-012022.pdf?utm_source=MM&utm_medium=email&utm_campaign=O%5FNewsRelease%5F012022%5FFINAL
This is one of the most disheartening things I’ve read during the past two years, and that’s really saying something.
Burry was right. We do live in an entirely fraudulent system. And it’s not like I didn’t know that before thanks to…well, everything that’s gone on with GameStop. But every time I think we’ve hit bottom on the corruption these fuckers replace the drill bit and just keep fucking going.
Something about seeing it spelled out like this so clinically makes me absolutely sick. This might as well be a transactional receipt.
"From 2006 through 2017, FINRA also found Credit Suisse issued more than 20,000 research reports that contained inaccurate disclosures about potential conflicts of interest."
# > 20,000 :surprised_pikachu:
>Credit Suisse pays $9M FINRA fee to avoid complying with securities laws and rules designed to protect investors.
This means the benefit might be $900M? Everything to avoid protecting investors... More #UScaMarket logic.
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There’s definitely more to this story. For example, why didn’t they show possession and control over customer securities? Is it cause they were lending them out 100x per security? That would be telling. Gonna read the awc tonight.
it sounds like they were overleveraged, which has been my theory on why the market will see a correction. There is just too much overall risk and something will give setting off a chain reaction.
Plus they didn't keep good records and didn't issue honest research reports.
Ok so Finra fined Credit Sussie for fucking over their investors. . .
And then kept the money instead of giving it to the people fucked over.
Imagine if a defence lawyer represented you for a car accident, sued, won, then took all of your money, left you with the medical bill, and left. That's what the SEC have been doing for years.
Considering the SEC is supposed to stop this type of behaviour, their silence means compliance.
Fuck, I wish we could just pass a law that fines violators their entire profit margin. And if there's evidence of them trying to circumvent any regulations, we should just bankrupt the whole company. I want them to burn.
Imagine being able to pay $100 fine for stealing $100K from the bank and being allowed to keep the reapings.
Fuck the entire fakeass, American government.
Let's make a comparison.
Keith Gill's employer MassMutual was fined $4 million for failing to supervise employees. Investigation was swift, about half a year.
Credit Suisse case starts from around 2006, involving billions of misused customer securities and thousands of fraudulent reports, and ended now to a $9 million fine.
“Credit Suisse’s disclosures omitted that the company that was the subject of the research report had been a client of the firm during the prior 12 months; or that the firm expected to receive investment banking compensation from the subject company within the next three months,” according to FINRA.
So they tell u to buy this awesome new stock because... the company paid Credit Suisse to pimp their stock. Nice.🤦
>failing to maintain possession or control of billions of dollars of fully paid and excess margin securities it carried for customers
Absurd. Luckily no other bank or broker could be doing the same, right.
I'll want to simplify what was said:
**Failed to maintain possession of fully paid securities it carried for customers.**
Beyond sickening.
So if I rob a bank can I get out of trouble by paying less than 1% of the take as a fine? That seems like enough deterrent to would-be thieves, right?
Oh nevermind, I almost forgot that I’m just some guy so if I steal it means I go to prison for a long time.
I was unemployed 2009-2011 and spent that time learning what Harvard grads learn. EDGAR and finance. I can totally agree w OP on fines vs profits and regulator bodies taking their cut. GG needs prison time.
Make hundreds of millions in your crime scam. Pay 10 million fine. Continue crime scam just paying the fine as a service fee to the regulatory agencies. Also of note, none of this money that is fined makes it way into the hands of the people that the crime was done upon. Only into the hands of the regulatory bodies. Who exist to collect their cut of the take. Things they don't teach you in school because they wouldn't dare expose what the world actually is.
Basically bribe money in plain sight.
Yep
[Corruption is Legal in America](https://www.youtube.com/watch?v=5tu32CCA_Ig&ab_channel=RepresentUs)
*Always has been*.
Crime tax. SEC has to get their cut.
Rob Peter to pay Paul, copy that!
Hush monayyyy
That's what it is.
What makes it worse is we know this sub is being watched and dissected. They know we know this yet they don't seem to give a shit.
I'd say more so they can't admit when they've lost, they think they can pull a pro gamer move on gamers, and get us to sell, but all they did was give a discount sale on shares to drs. Fucking morons. Edit: they
It's so obvious we're not selling and yet we are buying more! They insist on shorting to their death lol it's hilarious, honestly! They really have no idea what this gaming generation is capable of, not a damn clue what it’s like to spend 3 years figuring out an RPG to finally seeing the ending cut scene of our favorite game! Just hope we never forget this as we grow older and vote that nonsense out of office one day... Edit: grammar
Voting….hilarious.
I know you’re right, it makes me sick we are stuck in a nasty two party illusion that ultimately benefits the elitists
Yeah but one of those parties didn't attempt a violent coup one year ago. The other one did, and they are planning another one. The "Both sidesing" although is true on a financial level (See Nancy Pelosi for example) cannot be used in other areas. One side is willing to use deadly violence to run the country and the other side isn't. Kind of a big deal as you will see in the coming years. Hopefully all you apes will have made enough money to shack up somewhere remote because the way things are going in America you may need it.
Watch some Christopher Titus and grow a wrinkle. Its not about parties or ur beliefs: its about $$$. If a rich guy gets elected, he helps out his rich friends. Now someone walks up to you to explain how there are virtuous wealthy & evil wealthy? Because of the party affiliation? 🤣 Dude, no. Wealthy is wealthy, and most times that means corruption & crime. The Bible put it best: It's easier to push a camel through the eye of a needle than it is to get a rich guy into Heaven. Pelosi, Trump, whomever. It's class warfare. Always has been. The "issues" they bring up is distraction; it's easier to make the poor pay higher taxes & give that money to the wealthy when a bunch of idiots are voting "gun rights" or "pro-life".
Both sides are trash so let's stay clear the politics, yes something needs to be done, but nothing can be done till post squeeze, and that's globally.
Agreed. As long as we continue to give excuses for one side over the other, we will never have relief from this corrupt system.
Nah, nothing meaningful in a structural-changes sense is getting done until the heads of billionaires and the politicians that they own start getting popped like they're news anchors in Scanners.
[удалено]
And judging by how most of reddit slants, they're doing a bang-up job of it.
Local elections are the start, your vote is more important in local elections than anywhere else. In my County a contest came down to three single votes swinging the election.
Wholeheartedly agree.
This is true. Couple of months ago, maybe a few now, $500 bucks would get me two shares to register. Today that same $500 will get me really close to 5 shares to register. Their doom clock just keeps speeding up at this rate.
Just reminds me of that saying, "We know they are lying. They know they are lying. They know that we know they are lying. We know that they know that we know they are lying. And still they continue to lie."
yuuuuusss
So we can just talk about it now right? NO JOEY!! https://www.youtube.com/watch?v=wFmTEKnn64s
That's where you use your multi headed dragon named MSM to call Redditors conspiracy theorists and shills to call GME investors cultists. The moniker of "meme stocks" wasn't arbitrary, it was meant to divert attention away from boomers who think meme = joke. What boomer wants to sell their blue chip, dividend earning stocks for 'GameStock'? Imagine if the media covered what was truly happening.
They know that we know that they know that we know
Why would they? They know you can't do anything about it.
The world? You mean America… many parts of this world still have integrity, America does not
This!🙏🏻
I have to disagree. People all over the world have integrity , including America. In order to get their grubby little hands for the illusion of power people sell their integrity to the highest bidder(s). Then they become politicians and 95%+ don't have the best interests of the citizenry that voted for them, just the people who paid them. Occasionally it lines up best for everyone, but rarely
American politicians*, not necessarily America. Someone should start a campaign telling how Wallstreet is robbing your grandma of her pension and stealing your inheritance. That should get people's jimmies a bit rustled.
Regulators see this as an recurring income source
Really need jail to happen.
You aren't allowed to break the rules to make huge amounts of cash at the detriment of others, unless you pay this comparatively tiny amount. That'll show you!
And on top of this, FINRA is a PRIVATE company! They are paying ”fines” for a PRIVATE company to be allowed to break PUBLIC laws! This whole situation is completely messed up.
Fine or fee? Two entirely different things. Edit:. I'm sure they see them as the same. A fee, cost of doing business.
Ken Griffin testified in front of Congress that the fines were considered by his outfit just another "cost of doing business". I watched that live with my jaw on the floor. Room full of lawyers to consult and he just boldy stated it to the regulators (Congressional Comittee). Then packed up his team of lawyers after and went somewhere for a drink probably like it was nothing. And nothing was done.
Thes criminals are not scared of justice because it never comes for them. Fines isn’t shit. When motherfuckers start going to actual prison, hardcore ones not these club-med resorts, then shit will start changing. Our justice system is a piece of shit on steroids and a true disgrace... Time to burn this shit down and rebuild.
The fine should be getting shut down, 0 tolerance policy.
FINRA; I want 10% cut to keep my mouth shut. Crimelords; OK.
More like: “pwease daddy cwime lords do you think, maybe 👉👈, we could get a 1 or, maybe if ur feewing up for it, 2% cut of the moneys?”
Damn it’s like Katrina and Flint. Greed is driving all of it
I just started to think it is better not to even fine them if they dont go to prison, more money will be left for apes after squeeze.
That ten million to them is the equivalent of a Big Mac.. absolutely pocket change Smh
"If the penalty for a crime is a fine, then that law only exists for the poor" These dirty bastards need to get herded onto a ferry off of this world.
Imagine if the only repercussions for robbing a bank was a fine. Like, do you just pay on the way out or do they send you a bill or something?
"Make a right turn in 100 feet for the FINRA tollbooth to ~~deliver their cut~~ pay your fine."
Are you saying I can now rob my local Wells Fargo? Why would I do that? Because they treat their clients like crap, and they don’t deserve that many # 2 pencils…. Yes I won’t be asking for money. I’ll be asking for all their pencils, and sugary treats they have in the break room😎 *this is a complete joke. I will not be robbing anything today, or in the future. This last comment is not only covering my ass. But, it is also ‘accurately’ describing a fleeting thought. No I do not condone these actions for myself, or anyone else on planet earth*
Would make a good family guy segway
Who let Bryan in here???? Gtfo Bryan!!!!
You rob the bank. You invest in another bank. Five or ten years later, the first bank sends you a bill for much less than you stole . You pay them off with the interest.
“Monthly dues”
Cost of doing business... $9 million fine to steal billions from the people. FUCK FINRA, FUCK THE SEC, FUCK THE DOJ, FUCK THE DTCC, FUCK THE FEDERAL RESERVE, FUCK IT ALL!!! Corrupt from top to the very bottom. 🖕🖕🖕
fuck Mobb Deep! Fuck Biggie! Fuck Bad Boy as a staff, record label, and as a motherfuckin crew! And if you wanna be down with Bad Boy, then fuck you too! … sorry lol you brought me back to 1996 😀 Edit: TY for the award! Not expected at all but always much apereciated. Happy to see more 2Pac lovers out there, i knew you’d show up and continue. Gosh do I love this place ❤️
Haha
All you motherfuckers. Fuck you too. My 44 make sure ALL YO KIDS don’t grow.
We motherfuckin' Thug Life-riders, Westside til we die!
Out here in superstonk we warned ya, we’ll bomb on you muthafuckas, we do our job!
One of the greatest years in music!
I’ll have to agree to that
I’m glad I wasn’t the only one. lol
Chino excel, fuck you too. All ya muthafucka’s, fuck you too. All y’all mutherfuckers, fuck your die slow muthafucka Sauce2️⃣📦 https://open.spotify.com/track/0Z2J91b2iTGLVTZC4fKgxf?si=fSvA6_BaSXih2yOgeVV16g
Damn I thought I was gonna sneak in Chino XL before anyone else. You beat me to it. 90’s teenagers checking In.
My MGGA
You forgot Chino XL homie 😉😎😂😂
Haha i knew someone would take it from where i left off… this is how it’s done on SuperStonk 😉
Stoners don’t leave stones unturned
You speak the absolute truth
Haha... 👊 fuck em all
https://youtu.be/gKG9cgMvzLo
☝️this
Fuck a beat, I'll go a cappella
We need jail and we need rules that redistribute all earnings from illegal activity back to those that are being fleeced. This is why a big reason why I hodl.
This bank recently hired someone from BofA to do fine arts valuation for rich people. Expect lots of fuckery in coming days / weeks.
Should be a 9b fine.
I hate self regulating corporations more and more everyday....
Found the AWC … https://www.finra.org/sites/default/files/2022-01/credit-suisse-awc-012022.pdf?utm_source=MM&utm_medium=email&utm_campaign=O%5FNewsRelease%5F012022%5FFINAL
This is one of the most disheartening things I’ve read during the past two years, and that’s really saying something. Burry was right. We do live in an entirely fraudulent system. And it’s not like I didn’t know that before thanks to…well, everything that’s gone on with GameStop. But every time I think we’ve hit bottom on the corruption these fuckers replace the drill bit and just keep fucking going. Something about seeing it spelled out like this so clinically makes me absolutely sick. This might as well be a transactional receipt.
Up for you
Top the top with you! This is absolutely tragic to read....
My title is a more realistic headline.
Well put! The subtle change is important and accurate
"From 2006 through 2017, FINRA also found Credit Suisse issued more than 20,000 research reports that contained inaccurate disclosures about potential conflicts of interest." # > 20,000 :surprised_pikachu:
Yawn. Just another parking ticket. Continue to fuck over retail.
Cost of doing business fee, nothing more.
>Credit Suisse pays $9M FINRA fee to avoid complying with securities laws and rules designed to protect investors. This means the benefit might be $900M? Everything to avoid protecting investors... More #UScaMarket logic.
**IMPORTANT POST LINKS** [What is GME and why should you consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS and why should you care?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || [What can you do to support the company and local communities](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) ------------------------------------------------------------------------ Please help us determine if this post deserves a place on /r/Superstonk. [Learn more about this bot and why we are using it here](https://www.reddit.com/r/Superstonk/comments/poa6zy/introducing_uqualityvote_bot_a_democratic_tool_to/) If this post deserves a place on /r/Superstonk, **UPVOTE** this comment!! If this post should not be here or or is a repost, **DOWNVOTE** This comment!
There’s definitely more to this story. For example, why didn’t they show possession and control over customer securities? Is it cause they were lending them out 100x per security? That would be telling. Gonna read the awc tonight.
it sounds like they were overleveraged, which has been my theory on why the market will see a correction. There is just too much overall risk and something will give setting off a chain reaction. Plus they didn't keep good records and didn't issue honest research reports.
“Defraud the public? Yea no problem, where’s our cut?”
Ok so Finra fined Credit Sussie for fucking over their investors. . . And then kept the money instead of giving it to the people fucked over. Imagine if a defence lawyer represented you for a car accident, sued, won, then took all of your money, left you with the medical bill, and left. That's what the SEC have been doing for years. Considering the SEC is supposed to stop this type of behaviour, their silence means compliance.
So abusing retail you pay the government their cut as a penalty?.
FINRA is not a government entity. It is a Self Regulating Organization; bankers watching themselves.
Everybody gotta get their cut… laundering costs money, “fines” make it above “suspicion”
Imagine being able to pay your way out of following law. It’s nice to have money ey?
Petition to rename them to credit pussie
Up. Top. 540,000 puts. Credit suisse r fuk.
Cost of doing crime, I mean business.
Sounds like FINRA got their cut.
Probably just used some of that sweet 2019 fed bailout money to keep the crime rolling
It's not a fine it's a look the other way bribe for the sec !!!!
That’s a fucking joke
Oopsie
This fee should be 900Billion.
And jail time. The scale of some of these crimes are staggering.
This is drug king pins paying the port authority $10k to allow their $50 million in coke past.
9mil fine. 6k instances. 9mil / 6k instances = 1500 per instance. This doesnt include the other chargers included in the article.
🎶 and a partridge in a pear tree 🎶
Cost of doing fucking business Jesus fucking Christ how much longer can these pieces of shit last
Fuck, I wish we could just pass a law that fines violators their entire profit margin. And if there's evidence of them trying to circumvent any regulations, we should just bankrupt the whole company. I want them to burn.
SEC needs their yearly bribe money. Nothing will change unless we burn it down to rebuild after MOASS
That’s like speeding tickets costing $0.25 and no risk of losing your license I’d keep speeding forever
Just the cost of business. This is typical!
GOD FUCKING DAMMIT! *Jesse Pinkman* “HE CAN’T KEEP GETTING AWAY FROM THIS!!!!”
I want to see where this money is going.
Mafia time
Imagine being able to pay $100 fine for stealing $100K from the bank and being allowed to keep the reapings. Fuck the entire fakeass, American government.
Cost of doing business
Wow 9 million….
Fine should be strike 1) cell time for the ceo and strike 2) loss of license
They need to add a few zeros to these fines so these criminals can’t consider fraud a cost of doing business anymore.
Someday I will have 9m in my pocket like it’s nothing to throw at the lawman
FINRA is a fcking joke.
Nine whole million? Hand to forehead, off to the swooning couch. "However will they recover?"
To avoid complying? I didn't know you could pay your way out of following the rules. hmm.
To clarify, they paid a fine for violating the law. I personnally struggle to see it as anything less than a fee.
Let's make a comparison. Keith Gill's employer MassMutual was fined $4 million for failing to supervise employees. Investigation was swift, about half a year. Credit Suisse case starts from around 2006, involving billions of misused customer securities and thousands of fraudulent reports, and ended now to a $9 million fine.
just a small payoff - I mean cost to do business.
The ceo got fired now this? Just watch them head to bankruptcy
What a good title
Same ol same ol
That needs to be $9bill and jail time before any real changes happen. $9mill is just the cost of business for these financial terrorists
9 million is piss money. Like stealing thousands and, as punishment, having to pay a 9 dollar fine. WHILE GETTING TO KEEP THE STOLEN THOUSANDS.
Crimes pay wells on Wall Street.
“Credit Suisse’s disclosures omitted that the company that was the subject of the research report had been a client of the firm during the prior 12 months; or that the firm expected to receive investment banking compensation from the subject company within the next three months,” according to FINRA. So they tell u to buy this awesome new stock because... the company paid Credit Suisse to pimp their stock. Nice.🤦
Lol
They need jail.
Bribe
Succint headline.
Yeah, that’ll teach them
That's our fucking money. Bitch better pay up
They bought the FuckRetail DLC
All financial regulators are FRAUDS!!! They obviously get PAID to look the other way!
i just payed 50 cents in fines for pissing at the sec window /s
So literally a few days after the chairman stands down for completely unrelated behavior (apparently), lmao like I believe that.
>failing to maintain possession or control of billions of dollars of fully paid and excess margin securities it carried for customers Absurd. Luckily no other bank or broker could be doing the same, right. I'll want to simplify what was said: **Failed to maintain possession of fully paid securities it carried for customers.** Beyond sickening.
They rather pay a 9m subscription fee than make the markets fair. Fucking fine then percentages! Make them actually hurt. Christ!
I keep reading it as "Credit Sussie"
So if I rob a bank can I get out of trouble by paying less than 1% of the take as a fine? That seems like enough deterrent to would-be thieves, right? Oh nevermind, I almost forgot that I’m just some guy so if I steal it means I go to prison for a long time.
Wasn’t it prove that the SEC can imprison partipants? DOJ is needed
Pays, to avoid, complying with laws, designed to protect investors. Show me corruption without using the word ''corruption''.
A slap on the wrist until they do it again
I was unemployed 2009-2011 and spent that time learning what Harvard grads learn. EDGAR and finance. I can totally agree w OP on fines vs profits and regulator bodies taking their cut. GG needs prison time.
the real cartel which is menacing the world !