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by boringg 1972 days ago
SEC got neutered when the previous US administration got into power. The administration before that was actively pursuing cases.
2 comments
koheripbal 1972 days ago
False: https://secsearch.sec.gov/search/docs?utf8=%E2%9C%93&affilia...
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boringg 1972 days ago
True: https://wp.nyu.edu/compliance_enforcement/2017/10/09/trump-v...
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koheripbal 1972 days ago
No - false. They cherry picked a data window...

> January 2016 through the end of the SEC fiscal year on September 30, 2017

If you look at the followup data, you can see both administrations are similar...

https://www.law.nyu.edu/sites/default/files/Fig3-SEEDNov2020...

...and then if you actually read my above link, you'd see numerous Insider Trading prosecutions (which was the original false claim made above).

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boringg 1972 days ago
You are correct that they cherry picked information. However you are still incorrect on the original assertion that SEC is not in fact neutered. There have been more enforcement actions but insider trading enforcement has been the lowest in decades:

source: https://www.npr.org/2020/08/14/901862355/under-trump-sec-enf...

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TuringNYC 1972 days ago
Could you note any major cases the previous administration pursued that didn't involve some lone scapegoat trader and/or a minority everyone could agree to dislike? Were there any actual cases after the 2008 mortgage/cdo/cds crisis, for example?
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