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A comment on Why Hasn’t Sam Bankman-Fried Been Arrested Yet?. Parent comment

Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by jasonhansel on Friday December 02, 2022 @05:12PM (#33837665)
I also think it's a problem of underinvestment. The NYC police department alone has 5 times the budget of the SEC. That seems disproportionate. If we spent more money on enforcement and hired more investigators, I suspect these investigations would be able to proceed much faster.
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Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by enahs-sf on Friday December 02, 2022 @05:46PM (#33838027)
Worth noting the SEC is a civil regulatory agency, not a criminal one.
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Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by jasonhansel on Friday December 02, 2022 @06:57PM (#33838623)
The NYC police can't file criminal charges either; they just investigate and then send cases off to the local DA. The SEC does the same thing; the SEC does the investigative work, but they refer criminal cases to the Justice Department for prosecution.
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Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by fatneckbeardz on Friday December 02, 2022 @06:20PM (#33838323)
We could send many more Strongly Worded Letters to criminals and they would be on much nicer paper.
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Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by dsfyu404ed on Friday December 02, 2022 @07:24PM (#33838835)
The SEC isn't tasked with being the nearly sole dispensary of state violence over a slice of territory containing millions of people. NYPD is.

Occupying territory is expensive.

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Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by dmix on Saturday December 03, 2022 @12:11AM (#33840823)
They are both extremely important.

There’s far more waste in other federal agencies if you need to find one, NYPD is probably not a good one to point fingers at.

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Re:Why Hasn’t Sam Bankman-Fried Been Arrested Yet? by baandam on Saturday December 03, 2022 @09:01AM (#33843522)
The SEC is basically captured at this point. Who is going to vote to give the SEC more funding and power? Our leaders who are insider trading themselves?

Raphael Bostic insider trading as president of the Atlanta Fed was practically a non-story.

Most people just don't care.

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