SEC Charges SBF
sec.gov
SEC Charges SBF
1–4 of 4 posts
Re: SEC Charges SBF
#2Just a hopefully clarifying note: A complaint, which we've already seen, is an initial charge, not a formal charge. This release pertains to the formal charge.
Re: SEC Charges SBF
#3Just a hopefully clarifying note: A complaint, which we've already seen, is an initial charge, not a formal charge. This release pertains to the formal charge.
Huh, TIL how this works:
> SEC investigations are civil, not criminal. The SEC can charge individuals and entities for violating the federal securities laws and seek remedies such as monetary penalties, disgorgement of ill-gotten gains, injunctions, and restrictions on an individual’s ability to work in the securities industry or to serve as an officer or director of a public company, but the SEC cannot put people in jail.
> Enforcement may refer potential criminal cases to criminal law enforcement authorities for investigation or coordinate SEC investigations with criminal investigations involving the same conduct. If a person is convicted of a criminal violation of the securities laws, a court may sentence that person to serve time in jail.
From https://www.sec.gov/oiea/investor-alerts-bulletins/ib_invest...
Re: SEC Charges SBF
#4Normally the SEC civil complaint and judgement comes first, followed by the DOJ criminal action, if it exists, which it ab-so-fucking-lute-ly should come next.
Not a customer. The fortune cookies and super bowl ads by the noob crypto exchange were huge red flags