A Quote by Jed S. Rakoff
Why should the court impose a judgment in a case in which the SEC alleges a serious securities fraud, but the defendant neither admits nor denies wrongdoing?
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When the Securities & Exchange Commission settled securities-fraud charges against Richard Harriton, former chairman of the clearing subsidiary of Bear, Stearns & Co., there were smiles all around. The SEC was happy. Harriton was happy. Bear Stearns was happy.
I got the chance to argue my first case in Supreme Court, a criminal case arising in Alabama that involved the right of a defendant to counsel at a critical stage in a capital case before a trial.
We're going after the possibilities of tax fraud, insurance fraud, securities fraud. We're going to look at this stuff very closely. We have the jurisdiction, we have the resources, and we have the will.
What I mean by Socialism is a condition of society in which there should be neither rich nor poor, neither master nor master's man, neither idle nor overworked, neither brainslack brain workers, nor heartsick hand workers, in a word, in which all men would be living in equality of condition, and would manage their affairs unwastefully, and with the full consciousness that harm to one would mean harm to all - the realisation at last of the meaning of the word 'commonwealth.'
Where there is Love and Wisdom, there is neither Fear nor Ignorance.
Where there is Patience and Humility, there is neither Anger nor Annoyance.
Where there is Poverty and Joy, there is neither Cupidity nor Avarice.
Where there is Peace and Contemplation, there is neither Care nor Restlessness.
Where there is the Fear of God to guard the dwelling, there no enemy can enter.
Where there is Mercy and Prudence, there is neither Excess nor Harshness.
We've got the emPHAsis on the wrong sylLAble when it comes to crime in this country. The FBI says burglary and robbery cost U.S. taxpayers $3.8 billion annually. Securities fraud alone costs four times that. And securities fraud is nothing to the cost of oil spills, price-fixing, and dangerous or defective products. Fraud by health-care corporations alone costs us between $100 billion and $400 billion a year. No three-strikes-and-you're-out for these guys. Remember the S&L scandal? $500 billion.
The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act also required these firms to register with the SEC.
I will use treatment to help the sick according to my ability and judgment, but never with a view to injury and wrongdoing. Neither will I administer a poison to anybody when asked to do so, nor will I suggest such a course. Similarly, I will not give to a woman a pessary to cause abortion. I will keep pure and holy both my life and my art.
Education as the practice of freedom--as opposed to education as the practice of domination--denies that man is abstract, isolated, independent and unattached to the world; it also denies that the world exists as reality apart from people. Authentic reflection considers neither abstract man nor the world without people, but people in their relations with the world. In these relations consciousness and world are simultaneous: consciousness neither precedes the world nor follows it.
I think most of the ICOs you're seeing are not real token use cases. They're really securities, so I think the SEC should regulate that.
I have lost every respect for U.S. justice. The judgment by the Supreme Court and the other, even more absurd judgment by a New York circuit court deciding that Iran should pay damages for 9/11 are the height of absurdity.
Opportunities for fraud are open and they are taken advantage of. The most elementary precautions are neither taken nor even contemplated. The reverse is the case. People such as myself who attempt to bring openness and accountability to the system are pursued, suspended and dismissed.
The Venus Project is neither Utopian nor Orwellian, nor does it reflect the dreams of impractical idealists. Instead, it presents attainable goals requiring only the intelligent application of what we already know. The only limitations are those which we impose upon ourselves.
The establishment of inner harmony is to be attained neither in the past nor in the future, but where the past and future meet, which is the now. When you have attained that point, neither future nor past, neither birth nor death, neither time nor space exist. It is that NOW which is liberation, which is perfect harmony, to which the men of the past and the men of the future must come.
Securities fraud generally and insider trading in particular should be eminently deterrable crimes.
The government would assert that individuals who are aware of serious wrongdoing in the intelligence community should bring their concerns to the people most responsible for that wrongdoing, and rely on those people to correct the problems that those people themselves authorized.
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