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Thread: Fines Drop Sharply in 2017

  1. #1
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    Fines Drop Sharply in 2017

    Aug. 7, 2017 10:47 a.m. ET

    Wall Street regulators levied significantly lower penalties in the first six months of 2017, compared with the first half of 2016, The Wall Street Journal reports, citing internal data.

    snip

    The decline comes as the Trump administration has signaled its intention to scale back certain Omaha-era financial regulations and Wall Street firms have lobbied hard to reduce penalty sizes. Staffing changes are also afoot at the regulatory agencies; the SEC, CFTC and Finra each brought a new enforcement chief on board in the past several months and the SEC and CFTC have new chairmen as well.

    Fines Drop Sharply in 2017 - Barron's

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    No doubt, this time deregulation will lead to responsible behavior on Wall Street's part.

  3. #3
    Southern Strategy Liberal OldGaffer's Avatar
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    Get ready for the tsunami of corruption on its way.
    Thanks from labrea

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    I feel sorry for those with a 401k. The panic could start with an angry tweet.

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    Bizarroland Observer Thx1138's Avatar
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    Quote Originally Posted by labrea View Post
    Aug. 7, 2017 10:47 a.m. ET

    Wall Street regulators levied significantly lower penalties in the first six months of 2017, compared with the first half of 2016, The Wall Street Journal reports, citing internal data.

    snip

    The decline comes as the Trump administration has signaled its intention to scale back certain Omaha-era financial regulations and Wall Street firms have lobbied hard to reduce penalty sizes. Staffing changes are also afoot at the regulatory agencies; the SEC, CFTC and Finra each brought a new enforcement chief on board in the past several months and the SEC and CFTC have new chairmen as well.

    Fines Drop Sharply in 2017 - Barron's
    Well good, I guess that's less "cost to do business."

    Thx

  6. #6
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    You guys are just losers who want to steal money from rich people. The fines are down because the crisis is passed, the fraud and corruption are over. You don't want them fining people just for the hell of it do you? Fact is, Wall Street is now an icon of corporate citizenship. Our megabanks have turned the corner and now understand the importance and wisdom of responsible practices.

    Bunch of negative Nancy's over here...
    Thanks from chaos, OldGaffer and Mr. Chipps

  7. #7
    Galactic Ruler Spookycolt's Avatar
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    Or maybe people are doing less things that get them fined?

  8. #8
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Spookycolt View Post
    Or maybe people are doing less things that get them fined?
    Of course, that is it, Trump brought a heavy dose of "good corporate citizenship" to Wall Street, and they want to emulate him...Spooky, you are soooo smart.....

  9. #9
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by OldGaffer View Post
    Of course, that is it, Trump brought a heavy dose of "good corporate citizenship" to Wall Street, and they want to emulate him...Spooky, you are soooo smart.....
    Who said Trump brought it?

    Maybe the guys on Wall St. simply are tired of getting fined.

    That costs money and they have shareholders to answer to you know.

    I have stock in Disney.....if they start getting fined I will be making phone calls along with probably a million other people.

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