BofA Settlement and JPMorgan Case Highlight SEC's Tepid Response

Susan Beck's Summary Judgment

, The Litigation Daily


In the last week we've seen some flashy headlines about lawsuits stemming from the financial crisis. Sounds like good news for those concerned about tough enforcement of our securities laws, right? Wrong.

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What's being said

  • Susan

    I am puzzled by who the author thinks is actually being punished by large fines to companies? Every dollar extracted and paid to the government as a fine is unavailable to compensate the real victims who lost their own money. Now, if you want to talk about fines levied against individual employees for their own wrongdoing, it's a different matter, imo.

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