SEC Gets Busy Putting That $900 Million Budget To Good Use, Appeals Mark Cuban Case
Another entry from the X-files. Apparently banks trading on material inside information before their research reports are issued does not constitute criminal breach of preexisting regulations. So, instead, the WSJ reports in a developing story, that the SEC will focus on what it does best: focus on "making examples" out of heinous abusers of efficient markets, especially those that have already been cleared of wrongdoing. This is bar none the best use of taxpayer money. Ever. Never mind the billions of dollars stolen each day under the SEC's nose by future employers of the SEC's "best and brightest."