lol no SEC lawsuit or civil complaint: strait to the indictment and arrest. Goes to show how elites are truly a privileged class. They get to admit "no guilt" and forfeit profits, avoiding prosecution. Have no idea why this was downvoted. I see so many other people who make this argument about privileged elites and always get upvoted. I never have the right opinion on anything.
JumpCrisscross•1h ago
> no SEC lawsuit or civil complaint
The suspect didn't trade securities. SEC doesn't have jurisdiction. The curiosity–to me as a layman–is that this is being prosecuted by the DoJ versus under the UCMJ.
paulpauper•51m ago
Then what laws were broken if it is not insider trading?
next_xibalba•45m ago
Probably something related to leaking or unauthorized use of classified information.
paulpauper•1h ago
JumpCrisscross•1h ago
The suspect didn't trade securities. SEC doesn't have jurisdiction. The curiosity–to me as a layman–is that this is being prosecuted by the DoJ versus under the UCMJ.
paulpauper•51m ago
next_xibalba•45m ago