WSJ: SEC Prosecution Fail

September 12, 2013 6:30am by Barry Ritholtz

5 years after the financial crisis, the WSJ produces this enormous graphic about SEC prosecutions, and the lack thereof.

The key takeaway: If you can write a bog enough check, you do not really need to worry about breaking the law. Settlements are merely another cost factor, a cost of doing business.

After initially rejecting an SEC settlement with Bank of America, U.S. District Judge Jed S. Rakoff sums up this assembly line process: “While better than nothing, this is half-baked justice at best.”

click for complete graphic

click for ginormous graphic

Source: WSJ

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