yep
not what they are saying
Going to use this as the latest example to pile on moar regulations (that they only selectively enforce-if at all)
Problem, reaction…solution
Been the Associate Director in SEC Enforcement Division since 2016
Melissa Hodgman Named Associate Director in SEC Enforcement Division
Washington D.C., Oct. 14, 2016 —
The Securities and Exchange Commission today announced that Melissa Hodgman has been named Associate Director in the SEC’s Enforcement Division. Ms. Hodgman succeeds Stephen L. Cohen, who left the SEC in June.
Ms. Hodgman began working in the Enforcement Division in 2008 as a staff attorney. She joined the Market Abuse Unit in 2010 and was promoted to Assistant Director in 2012.
https://www.sec.gov/news/pressrelease/2016-217.html
12978e (3)
such a sadfaggot
kek
>inb4 tied stale .png
SAC Capital Plea Deal Ends Long Wall Street Saga
Multibillion-dollar hedge fund SAC Capital was sentenced on Thursday for its central role in one of the most wide-ranging insider trading schemes in U.S. history. A federal judge in New York accepted the firm’s guilty plea and approved a landmark $1.8 billion settlement with the government, effectively concluding a decade-long criminal investigation.
In approving the settlement, U.S. District Judge Laura Taylor Swain paved the way for SAC Capital to continue to do business under a new name as a so-called “family office” managing the $9 billion fortune of Steven A. Cohen, the hedge fund’s secretive founder. Earlier this week, SAC Capital formally changed its name to Point72 Asset Management, an apparent nod to the address of the firm’s sprawling trading floor at 72 Cummings Point Road in Stamford, Conn., near Cohen’s 35,000 square-foot mansion.
Cohen, one of the most enigmatic figures in Wall Street history, was long thought to be the ultimate target of the investigation, but he was never charged with a crime. Now that his hedge fund’s guilty plea has been accepted, it appears unlikely that Cohen will ever be personally indicted for his role leading a firm that was “riddled with criminal conduct,” according to federal prosecutors. Cohen does face civil charges from the Securities and Exchange Commission alleging that he failed to supervise his employees, and could ultimately be banned from the securities industry for life.
The SAC Capital investigation was the most high-profile probe in a sweeping insider trading crackdown led by Preet Bharara, the U.S. Attorney for the Southern District of New York, who has made insider trading one of his signature law enforcement missions. Bharara has secured 79 insider trading convictions or guilty pleas — including eight former SAC employees — without losing a single case. Earlier this year, Mathew Martoma, a former SAC manager, was found guilty in what federal prosecutors called the most lucrative insider trading scheme in U.S. history.
https://time.com/59119/sac-capital-guilty-plea/
Martha opened here mouth while the others towed the line and dealt with it.
Puppets step out of line like she did and Boom..down you go.