- The Big Picture - http://www.ritholtz.com/blog -
WSJ: SEC Prosecution Fail
Posted By Barry Ritholtz On September 12, 2013 @ 6:30 am In Bailouts,Legal,Really, really bad calls,Regulation | Comments Disabled
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 ginormous graphic
Source: WSJ 
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/09/wsj-sec-prosecution-fail/
URLs in this post:
 WSJ: http://online.wsj.com/article/SB10001424127887323864604579064961041032146.html#project%3DNEWSECjp0912%26articleTabs%3Darticle
 Image: http://www.ritholtz.com/blog/2013/09/wsj-sec-prosecution-fail/#more-104806
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/09/P1-BN090_NEWSEC_G_20130911185112.jpg
 WSJ: http://online.wsj.com/article/SB10001424127887323864604579064961041032146.html#project%3DNEWSECjp0912%26articleTabs%3Dinteractive
Copyright © 2008 The Big Picture. All rights reserved.