When large investment banks actually do have to pay fines to the SEC or FINRA, isn't this practically paying bribes to the SEC? The fines are never larger than the amount of money that had been made by the institution using their illegal tactics. A company, for instance, might have to pay a fine for illegal activity that occurred within known a two-month window. Their tactics, however, had been employed for years prior to this window for which they are being fined.
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Regarding the course on SEC fines --
When large investment banks actually do have to pay fines to the SEC or FINRA, isn't this practically paying bribes to the SEC? The fines are never larger than the amount of money that had been made by the institution using their illegal tactics. A company, for instance, might have to pay a fine for illegal activity that occurred within known a two-month window. Their tactics, however, had been employed for years prior to this window for which they are being fined.
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