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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSEC Pays Out $3 Million to Mystery Whistleblower from Mystery Party
We don't know which is worse, our having cases the Securities and Exchange Commission simply refuses to address, even when there are confessions to lies under oath, in the public docket record; and/or the fact that the SEC "says" it paid $3 Million to a redacted name whistleblower and punished a redacted offender to exact $3 million.
Though the Press Release of SEC claims to have paid out $3 million (see the filing = HERE). By the SEC filing, redacting the name of the whistleblower (for the party's purported protection - {you know, cause it is smarter to not name the person, for if harm comes to that person, who the hell would know how or why}). And there's no mention of who the party was - that did the wrong - either.
So, in the par for the course SEC, one has to ask - Did the SEC just pay friends/family $3 million to bury an SEC case?
I'm just sayin..............
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Among the many critics of the "Selective Enforcement Commission", we have noteworthy parties such as Elizabeth Warren, who publicly out cried against SEC Commissioner Mary Jo White, as Senator Warren labeled Mary Jo as an incompetent. (see moi's previous thread "Elizabeth Warren rips SEC chief: disappointing (?Lying to a Senator?)"
Here's a couple of on-point question by Senator Warren, in 2014, on failure to prosecute and settlements by companies.
But NO one ever personally gets indicated and/or goes to jail....
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Prior to this, the SEC was forced to settle with one of their own. SEC OIG official, David Weber, felt his life was being threatened because he was investigating senior officials at the SEC for having relations with specific targets and worse.
Fortunately, though David Weber was fired for doing his works, he actually did win his lawsuit against the SEC;
but America lost one of the true few patriotic public servants of David Weber.
See the previous thread, with links to Matt Taibbi's take on the issue (HERE).
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The 2nd Youtube shows how frustrated Senator Warren (and we) are - at the process lacking....
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Senator Warren points out that she is upset about the notion that Too Big to Fail
- has become Too Big to Trial
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Senator Warren is correct, Too Big to Fail has become Too Become to Prosecute | |
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Fed and SEC are mere lackeys for Wall Street | |
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Department of Justice only serves oligarchy | |
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It's time for every American to stop investing in Wall Street | |
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SEC needs to be investigated and prosecuted for duplicity | |
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The SEC actually stands for "Selective Enforcement Commission" | |
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All of the Above | |
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SEC protects U.S. = laser is a fried farguart | |
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laserhaas
(7,805 posts)Can't have whistleblowers running around the country, encouraging other whistleblowers to do a good job.