SEC Charges the Church of Jesus Christ of Latter-Day Saints

Re:SEC Charges the Church of Jesus Christ of Latter-Day Saints by soiler on Tuesday February 21, 2023 @03:32PM (#34886719)

If the fine is less than the profit of committing the crime, then it is now de facto legal, taxed profit. There is no incentive not to continue committing the crime.

Perhaps $5mm is a valid fine on top of repaying the illegal profits. But on its own? It is an endorsement.

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Re:SEC Charges the Church of Jesus Christ of Latter-Day Saints by xupybd on Tuesday February 21, 2023 @03:36PM (#34886775)

I don't know if they made additional profits from this. I think they hid their holdings to prevent bad press for the LDS church. Not to give them a market advantage. This appears to me to be a slap on the wrist saying "don't do that".

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Re:SEC Charges the Church of Jesus Christ of Latter-Day Saints by soiler on Tuesday February 21, 2023 @06:29PM (#34889264)

Fair enough, if they in fact didn't gain any money from their illegal actions then the fine is less problematic.

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