The Supreme Court has stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies.
These are companies not people (even though we treat them that way when convenient), and they broke a regulation that is part of their expected operating procedures. Why are we dragging this into court and seating a jury because a company didn’t do the thing they were supposed to do. They should have no presumption of innocence, the inspection is the proof one way or the other. This just lets them further delay any consequences, and will be another thing calculated into their cost analysis of “are we going to follow the rules” or is it more cost effective (at least short term because that’s what shareholders care about) to just NOT ever follow the rules, delay any fines, rinse and repeat?
These are companies not people (even though we treat them that way when convenient), and they broke a regulation that is part of their expected operating procedures. Why are we dragging this into court and seating a jury because a company didn’t do the thing they were supposed to do. They should have no presumption of innocence, the inspection is the proof one way or the other. This just lets them further delay any consequences, and will be another thing calculated into their cost analysis of “are we going to follow the rules” or is it more cost effective (at least short term because that’s what shareholders care about) to just NOT ever follow the rules, delay any fines, rinse and repeat?
Because the companies paid good money to get these people appointed to the court, and they expect a return on that investment