Money Stuff: The SEC Was Busy Last Week

What if the US Securities and Exchange Commission never brings another enforcement case? What if it’s like “ahh, go ahead, do all the fraud you want”? What if the only enforcement cases are against BlackRock for doing ESG investing, or against short sellers of Trump Media & Technology Group Corp.? Crime might be legal now, if you are a vocal enough supporter of Donald Trump, and the financial and crypto industries are rushing to support him. It’s hard to imagine anyone getting in trouble for texting about work from their personal phones, now. Just in case, the SEC filed a ton of enforcement actions on Friday, the last practical day it could do so before the administration changed.[1] We will talk about a few of the highlights in the following sections. The main reason that the SEC brings cases like these, and one of the main reasons I write about them, is that they form the contours of legal financial conduct; they tell you what you are and are not allowed to do. If there is an SEC cas

What if the US Securities and Exchange Commission never brings another enforcement case? What if it’s like “ahh, go ahead, do all the fraud you want”? What if the only enforcement cases are against BlackRock for doing ESG investing, or against short sellers of Trump Media & Technology Group Corp.? Crime might be legal now, if you are a vocal enough supporter of Donald Trump, and the financial and crypto industries are rushing to support him. It’s hard to imagine anyone getting in trouble for texting about work from their personal phones, now. Just in case, the SEC filed a ton of enforcement ac