They don’t give a shit because no one is going to go to jail. Simply pay whatever fine and move onto the next scam. I think we’ve learned by now it’s all about the revolving door for regulators not doing their job and allowing fraud to continue.
Reuters-
The U.S. Department of Justice and the Commodity Futures Trading Commission have both held investigations into whether Bank of America (BAC.N) engaged in improper trading by doing its own futures trades ahead of executing large orders for clients, according to a regulatory filing.
The June 2013 disclosure, which Reuters recently reviewed on a website run by the securities industry regulator FINRA, sheds light on the basis for a warning by the Federal Bureau of Investigation on January 8.
The warning, in the form of an intelligence bulletin to regulators and security officers at financial services firms, said that the FBI suspected swaps traders at an unnamed U.S. bank and an unnamed Canadian bank may have been involved in market manipulation and front running of orders from U.S. government-owned mortgage giants Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB).
[REUTERS]
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
back in the ninetys when the bank hid my four checks in order to fake a default and accellerate i went to Raymond
Coons, compliance manager of the ots who went into the bank with
Federal Examiners who saw my 4 checks came in, disappeared , and saw nothing wrong with that.