Wall Street firms continue to look at SEC settlements as the cost of doing business.
Despite promises to not repeat the same law, they seem to run afoul again and again.
Here is the NYT analysis of Securities and Exchange Commission documents showing 51 repeat violations since 1996 by a handful of firms.
Bank of America and Citigroup are tied for the lead (six repeat violations), while Merrill Lynch and UBS share 3rd and 4th place (five apiece).
Source: Wall Street’s Repeat Violations, Despite Repeated Promises
NYT, November 2011
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.