SEC official: Feds conclude that many allegations of financial wrongdoing can't succeed as criminal prosecutions

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SEC official: Feds conclude that many allegations of financial wrongdoing can’t succeed as criminal prosecutions

SEC official: Feds conclude that many allegations of financial wrongdoing can’t succeed as criminal prosecutions

WSJ-

A former top U.S. official in charge of investigating the financial crisis said the government has concluded that many inquiries of wrongdoing by financial executives can’t succeed as criminal prosecutions.

“There’s been a realization and a more deliberate targeting by the Department of Justice before we launch criminally on some of these cases” said David Cardona, who was a deputy assistant director at the Federal Bureau of Investigation until he left last month for a job at the Securities and Exchange Commission. The Justice Department has decided it is “better left to regulators” to take civil-enforcement action on those cases, …

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One Response to “SEC official: Feds conclude that many allegations of financial wrongdoing can’t succeed as criminal prosecutions”

  1. Charles Cox says:

    Especially if you don’t indict anyone!!!! Lazy, indcompetent and complicit fools!

    Left to bribed retulators? How’s that working out for ‘ya?

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