Hurray For Stockholders
What a great article this weekend in The New York Times, ” S.E.C. Changes Policy on Firms’ Admission of Guilt”. Wow am I proud to be an American again. This would have never happened during a Republican majority. According to story the S.E.C. will no longer allow defendants to say they neither admit nor deny civil fraud or insider trading charges when, at the same time, they admit to or have been convicted of criminal violations. The S.E.C. use to allow paying a fine without admitting wrongdoing. The new policy also applies to cases where a company or an individual enters an agreement with criminal authorities to defer prosecution, or not to be prosecuted as part of settlement. Wow, what a great day for stockholders. I can hardly believe the S.E.C. has done this, I say Hurray again for the people of America ! They are definitely doing jail time now ! Hurray for the working man ! No wonder so many Chinese companies are de-listing from the U.S. stock exchanges. This will make U.S. listed companies much more solid than any of their counterparts of foreign exchanges. There will be no reason to invest in foreign lands any more, why take the chance when America has such a high standard here. Cu-do’s to America.





