[cryptnoob]

What everybody here is forgetting, is that this is a civil suit. Why not charge them criminally?

Bottom line, this has been staged to defang them in front of next weeks house hearings on banking reform. It's theater. That's not to say it might not be true, but if you really think the administration wants to clean things up, ask why this is a civil action.

[anigbrowl]

The SEC lacks authority to bring criminal prosecutions. The DoJ has to do that, although the SEC may assist them. Not sure what role they can or do play in criminal proceedings brought by the State of New York.