Re:GameStop Is Rage Against the Financial Machine
by koheripbal on Wednesday January 27, 2021 @08:26PM
(#25936886)
> $3 billion in fines Wells Fargo paid
This had ZERO to do with Front Running.
This had ZERO to do with Front Running.
The $3 billion in fines Wells Fargo paid versus the multiple billions it made from 2002-2015. The bank has almost $2 trillion in assets as of 2020.
> Do you think the SEC is full of morons?
No, worse. Cowards. Entirely too many see the SEC as a pathway to a high-paying job on Wall Street. You learn the ins and outs of compliance and go from a GS-8 - GS-13 making $70,000 - $150,000 a year, to making $1 million a year helping these banks, hedge funds, and other investors sidestep regulations by the most narrow of line-toeing.