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by xxpor 583 days ago
Securities laws are written in terms of duty ethics ("fiduciary duty", "duty of due care", etc). That's all anyone at the top would care about.
1 comments

It quickly turns into: what can I get away with, while claiming I performed the duty?
Agreed!
It gets worse than that: it rewards people who try to break the law as much as possible without getting caught, while people who follow it are punished.

That's true of most laws, but the system punishes law breakers to make it better to follow the law overall. When the law is vague and subjective, the people who get the most reward are the ones who are willing to see how far they can push it.