Re:Books to read to understand financial crime
by mtrycz2 on Thursday July 14, 2022 @07:58AM
(#32094747)
Just read any recent SEC regulatory action. You'll get things like:
* JPMorgan participated in an illicit scheme for a profit of 5M so they got a 200k fine
* Citadel engaged in fraudulent mislabelings of orders for a total of 280.000 actions of the same type over some three years, got a fine of 100k (for some 30cents/infraction).
* and so on and so forth.
Past a point, it's just the cost of doing business.
* JPMorgan participated in an illicit scheme for a profit of 5M so they got a 200k fine
* Citadel engaged in fraudulent mislabelings of orders for a total of 280.000 actions of the same type over some three years, got a fine of 100k (for some 30cents/infraction).
* and so on and so forth.
Past a point, it's just the cost of doing business.