[varelse]

Ironically, Nvidia restated earnings slightly upward as opposed to Enron overreporting by $600M. Not so sure whether that was "cooking the books" or just playing fast and loose with ambiguous accounting laws which is in my experience what accountants do, but they did get caught, no argument there and the CFO was fined. But I wonder who else would get caught doing similar things of similar magnitude if their annual statements were scrutinized in as much detail here specifically looking for trouble.

As for the inside trading employees, they were fools. Good luck keeping out fools like that once you have a hundred or more employees or why do some googlers stalk their ex partner's search histories? Why do some Amazon employees snoop on Alexa recordings? Why do some Facebook employees look at the private friends list of their ex partners? Etc. There was a second insider trading investigation in 2014 that was handled quietly and efficiently unlike this fiasco. That one seemed a bit more nefarious and systematic IMO and yet no one compared it to Enron. Funny that.

https://www.marketwatch.com/story/nvidia-sec-accounting-prob...

https://www.sec.gov/news/press-release/2014-82

[Klinky]

You just seem to want to try to come up with a bunch of excuses to downplay or redirect attention away from nVidias culpability in what they did. It was not the SEC's fault they had insider traders and their CFO knowingly and deceptively hid quarterly costs on purpose. Accountants should not actually be playing fast and loose, unless they want SEC attention.

Did 2014 involve accounting discrepancies? Did the SEC still release a public press release like they did in the 2000s? Their handling wasn't much different here. Enron was long dead by 2014 and it doesn't look like there was wrongdoing by nVidia directly, so obviously the media wouldn't make such comparisons.

Digital privacy concerns don't directly involve the SEC, though maybe the FTC. That's another topic, but one worthy of competent regulatory oversight.

[varelse]

So you are stating that the release of the "X is ours" email that started all this was deliberate corporate misconduct by the CEO? I don't even think the SEC insinuated that.

And that the SEC finding a small accounting discrepancy so as to justify the time they put into this investigation is actually an Enron level event?

Got it. We see things differently. You think I'm downplaying what happened. I think you're overstating it just like the media compared them to Enron.

[Klinky]

No, it was the CFO explicitly calling out that they can't do something and then doing it anyways to deceive shareholders about quarterly costs. That should be obvious.

Just because Enron had massive fraud doesn't make $3.3 million "a small discrepancy", nor is purposefully doing something merely a discrepancy or oversight.

No one compared the insider trading to Enron. The actual accounting issue got them those comparisons.