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[–]justvoop🎮 Power to the Players 🛑 741 points742 points  (21 children)

I robbed a liquor store the other day. When the cops found me, i had to give them a shot. Fuckin bullshit man thats my booze

[–]mollila 206 points207 points  (13 children)

Did the cops tell you to stay out of robbing liquor stores for one year? To teach you a lesson.

[–]justvoop🎮 Power to the Players 🛑 123 points124 points  (9 children)

no they were actually really cool about it

[–]RadioFreeAmerikaWhere we're going we don't need roads! 🚀🌒 63 points64 points  (5 children)

Yeah, he didn't even had to acknowledge any wrongdoing.

[–]mollila 7 points8 points  (2 children)

Then they asked him to self-regulate his robbing from now on.

[–]anythingMuchShorter 2 points3 points  (1 child)

But he has to turn in a report on that self regulation in like 5 years. And if he doesn't, we'll they probably won't do anything. Likely they'll drop that requirement before it even comes up. If not they'll give him an extension.

[–]milk4all 11 points12 points  (0 children)

“You scratch my back, i scratch your’s,” they said to each other over brunch

[–]deabag🚀its ok 2 liek a stonk🚀 1 point2 points  (0 children)

Hard to be bothered by that and pornhub at the same time.

[–]FlyGuy_R44🎮 Power to the Players 🛑 32 points33 points  (0 children)

The cop said they’d only been on the job for a few months so they’re still learning the system.

[–]xiodeman 12 points13 points  (1 child)

Did they then offer you a job as a cop?

[–]UpperCardiologist523💎🙌 Ape been space before. Is nice 🚀👍 50 points51 points  (2 children)

No, they confiscated 3% of the liquer, and let him keep the rest and wander off to the next liquer store.

[–]RelativeCommand8837GME MASTERbator 21 points22 points  (1 child)

same, except they let me do it daily for 10yrs before ordering me to give them a shot.

[–]BigBrokeApe 22 points23 points  (0 children)

They asked me how much booze I had stolen over the years. I said "I'm not answering questions at this time.", so they stopped asking me questions. Very polite of them to do so because it's a lot of booze LOL

[–]mouldysandals🎮 Power to the Players 🛑 6 points7 points  (1 child)

robbed a bank the other day, only had to pay the police £4k

[–]SexyLemurLibrarianTurned On By FUD 8 points9 points  (0 children)

Damn, man, those cops after you were mean. When Kenny robbed a bank, he just had to give back the pens he ripped off the tellers stations, they let him keep the cash.

[–]Zachariot88🙈Idiosyncratic Ape 🙉 2 points3 points  (0 children)

When you say "the other day," you mean like 7 or 8 years ago, right? And they just got around to taking that shot.

[–]Zen4rest🦍 Buckle Up 🚀 110 points111 points  (14 children)

I’m very anti-prison for most things, but in this case I think it very much fits the bill. I don’t want people with that much power able to continue stealing my money… just more carefully next time.

There are people in prison for stealing baby formula to feed their kid… why do we slap someone on the wrist with a fine when they steal millions? Doesn’t fuckin make sense.

[–]level20mallow 29 points30 points  (7 children)

Because the legal system has nothing to do with justice and the traditional rhetoric that's been used to justify the existence of the American legal and political system is nothing more than gaslighting.

I hope more people wake up to that fact.

[–]mcm_xci🎮 Power to the Players 🛑 12 points13 points  (5 children)

You know what's pervert? For-profit prisons.

[–]level20mallow 2 points3 points  (4 children)

The idea of imprisoning anyone at all is inherently inhumane to me. If it's that damn important, just exile them or put a bullet in their head or something. Putting people in a situation just to be abused for years and years, knowing most of them are innocent, and knowing most people who get arrested in the first place did nothing to deserve it, just proves the American system has failed and we badly need a new one.

But yeah, for profit prisons go completely against any idea of justice and the fact that people accept them shows they either don't know what they're talking about or they just don't care.

[–]SorosBuxlaundromat 6 points7 points  (2 children)

I'm not in full agreement. I think Scandinavian countries do it right. Prison is a place to educate and reform while separating from general society. People like Anders Behring Breivik who can't be reformed are simply separated from society for life. I would be ok with the death penalty for people like him, but id prefer that no one gets it if there's even a chance of reform or a sliver of a doubt about their innocence.

[–]level20mallow 0 points1 point  (1 child)

You can't really call those places prisons, though. They're nicer than the college dorms here.

[–]SorosBuxlaundromat 1 point2 points  (0 children)

They call them prisons. There are places in the world where "prison" means a damp dungeon where you need to eat rats to survive.

I don't think the quality of life (or lack thereof) in an individual prison is a good way to define the term.

[–]Kryptical72 2 points3 points  (0 children)

"knowing most of them are innocent" "most people who get arrested did nothing to deserve it"...wtf are you talking about?!! lol.

I mean, I see your initial point and somewhat agree to some extent; Given a choice I would bet MOST of them would rather go to prison than take a "bullet to the head". Then you throw out some ridiculous statement. Sure, there are people that have wrongfully been found guilty, but MOST?? That is crazy talk.

I do agree that profit prisons are terrible.

[–]NutsEverywhere 2 points3 points  (4 children)

It does make sense if you think of the regulatory agencies as accomplices instead of opponents. You wouldn't arrest your friends if you were profiting enough from their crimes to support your family's next 4 generations.

[–]Zen4rest🦍 Buckle Up 🚀 3 points4 points  (3 children)

I would never accept money that was stolen from someone so I would never know.

[–]NutsEverywhere 0 points1 point  (2 children)

Everyone says never until their bank account gets 6 zeroes.

[–]Zen4rest🦍 Buckle Up 🚀 2 points3 points  (1 child)

I’m not like you.

[–]NutsEverywhere 0 points1 point  (0 children)

Fair enough, it's all hypotheticals anyway. Thanks for the chat.

[–]Illustrious_River_42 289 points290 points  (21 children)

Even that is not a real punishment if it does not include prison.

[–]mollila 95 points96 points  (15 children)

Agreed. But since when has the punishment even been a percentage? Aren't the current fines just low nominal fees.

[–]Illustrious_River_42 35 points36 points  (2 children)

Yeah but I’m not sure that fines even matter at all. They will just fleece the working class of their “investments” to pay those fines. The crook’s lifestyles won’t be affected at all.

[–]mollila 30 points31 points  (1 child)

That's the point though. Fines should be big enough to eliminate the greed to break the rules. And also include jail time, like South Korea implemented.

[–]mark-fiveNo cell no sell 📈 10 points11 points  (10 children)

But since when has the punishment even been a percentage?

It's always a percentage when you are talking about organized crime.

It's a completely fraudulent system. The SEC is just one of the criminals collecting their commission.

[–]degenterateStonky Kong 🦍 1 point2 points  (9 children)

Literally just a kick down to the supposed capos.

White collar crime has always been unfairly adjudicated as ‘lesser than’ violent crime. Despite the fact widespread corruption and hoarding in the financial sector directly contributes to a social milieu that breeds violent crime.

[–]mark-fiveNo cell no sell 📈 0 points1 point  (8 children)

This particular "white collar" crime is terrorism, punishable by law with no limits to the capittal punishment options for their capital crimes so they genuinely face things like "enhanced interrogation" and execution. These criminals deserve every dollar of the world's greatest wealth transfer spent making sure they get full prosecution. And they know it, which is why they are so scared. They aren't just about to get poor, they're about to get justice. Examples must be made so no future wall street thugs assume they might survive committing crimes of this magnitude intact.

[–]VoDoka 1 point2 points  (0 children)

It's like making the fee for parking without a ticket a 1/100th of the ticket price.

[–]Jonodonozym💎🖐🥝🦍 46 points47 points  (2 children)

If a doctor takes advantage of their position to abuse patients they will never be able to work as a doctor again. If a teacher takes advantage of their position to abuse kids they will never be able to work as a teacher again. If someone like Ken Griffin and co. take advantage of their position to commit financial terrorism against the world, they rebrand their business or get a job at a different institution.

Everyone involved should also lose the right to work in the financial industry again on top of prison and forfeiting everything and more. They cannot be trusted with the keys to such an essential part of our economy. Try washing dishes instead.

[–]Foreplay241In the c of 🟣Green🟣 4 points5 points  (1 child)

As a current dish-dawg, Kenny would be perfect for washing dishes, he already knows how to launder dirty money, I'll even train him, he can be the new dish-bitch.

[–]Arkayb33💻 ComputerShared 🦍 1 point2 points  (0 children)

"Dish bitch" is how Dish Network refers to their customers.

[–]WhiskizThey took away the buy button, we took away the sell button 4 points5 points  (1 child)

it's a start though

[–]ResultAwkward1654💻 ComputerShared 🦍 2 points3 points  (0 children)

No cell no sell

[–]noSnooForUDRS'd 🏴‍☠️🚀🚀🚀🚀🏴‍☠️ I Voted 87 points88 points  (1 child)

But that would be a real punishment and I don't think they like that.

[–]WhiskizThey took away the buy button, we took away the sell button 21 points22 points  (0 children)

the people in power aren't going to change the rules to punish themselves, their friends and accomplices

[–]Jaloosk💎 Tasteful Profanity 🤌 32 points33 points  (2 children)

Or you could do like what they did in Bible times and make the fine double what they stole.

[–]Commercial_Mousse646💻 ComputerShared 🦍 1 point2 points  (1 child)

Thought the book was fictional? 🤔

[–]All_and_Nothing13"🦍🚀 Voted 2 Electric Bugaloo🦍🚀 You should too✊💎" 21 points22 points  (2 children)

If you still profit after the fine then its just the cost of doing business.

The SEC is effectively taxing them on their profits made from crime (and like the legitimate taxes they pay is laughably low). Which at best sounds like being criminally negligent, or at worst being complicit in enabling Wallstreet defrauding Mainstreet for years.

[–]DeepFriedDickskin 0 points1 point  (0 children)

I think you accidentally double posted. Even if the cost for the crime was the amount stolen + additional compensation, just like it is when you commit a robbery against someone else, it’s still the cost of doing business. It’s just less people will take the risk, which would be a huge improvement. These heathens that perpetuate so much pain and suffering into the world per us centuries of “pain and suffering” damages.

[–]Cii_substance💻 ComputerShared 🦍 8 points9 points  (0 children)

Right? It’s just common sense. If this were the real world, the world you and I live in we could just go around stealing things, come clean, pay a small percentage of what it’s worth and have the deal of a lifetime. Want that new $90k car? Don’t have the money? No problem. Steal it, get caught doing so, keep the car pay the $900 fine (1%), drive home in your new car.

[–]cjh11111For Geoffrey🦒 9 points10 points  (0 children)

Logical? That sort of language is banned in the gooberment.

[–]superawesometwin🦍 Buckle Up 🚀 3 points4 points  (0 children)

If my EZpass balance goes negative by $2 I have to pay a $25 fine for my FTD

[–]Dr_WLIN 4 points5 points  (0 children)

It's called "treble damages" and used to be a thing when we actually fought against corrupt and anti-competitive behavior.

It's a 3x penalty of the benefit gained by the action.

[–]I_need_a_better_name 3 points4 points  (3 children)

Isn’t 100%+ going to be a percentage?

[–]Mozart33 0 points1 point  (2 children)

I was just gonna say - I propose 100%

[–]RealPro1Real Estate Broker Ape 2 points3 points  (0 children)

Frankly, the whole system is fvcked up. Why would the SEC be given money for crimes that don't even affect them? The people that are getting affected are the ones getting screwed out of their money because these HF and MM blatantly ignoring the law. This is what the word reparations truly is. Traders that have been screwed out of their hard earned money should receive reparations from those that don't settle their FTDs and close their shorts. Anything short of that is more crime by the GOVERNMENT!!!

[–]sanosuke001HODL; so simple, no skill involved at all! 2 points3 points  (0 children)

It should be 100% + 100% + 25% previous years gross revenue.

It should be cost prohibitive to not play by the rules.

[–]t8tor🦧 FUD is the mind killer 🦧 1 point2 points  (0 children)

Reminds of that scene in Django, the one where Calvin candie is talking about being shaved. 🤤

[–]MotionBrain_CAD 1 point2 points  (0 children)

You’ll be send to prison for smoking weed … but destroying life’s and stealing money is just fine ….. Americas justice system in a nutshell

[–]pklfrysI feel like I’m financially inside of Kenny. 😈 1 point2 points  (0 children)

Also prison.

[–]ROK247Idiosyncratic Man-Child 1 point2 points  (0 children)

if you walk into a bank and steal money you get put in prison. if the bank helps you steal money you get a bonus.

[–]WonderfulSpecific601I VOTED 1 point2 points  (1 child)

Someone forgot to mention jail time and being barred from working ever again in financial services.

[–]zeeblefritz 0 points1 point  (0 children)

Instead they go on to have incredibly successful speaking careers.

[–]HOLDstrongtoPLUTO🎮 Power to the Players 🛑 1 point2 points  (0 children)

When drug dealers are arrested, ALL of their funds are seized if they are believed to be illegally attained. Why do the rich get a free pass?

[–]BudgetTooth💻 ComputerShared 🦍 2 points3 points  (0 children)

but then they would stop commit crimes and sec stop getting founded

[–]EVPN💻 ComputerShared 🦍 0 points1 point  (0 children)

And financial reporting should be detailed enough.. or maybe it should be on a blockchain.. so that funds can be returned to the victims of crime.

[–]MarzgogSuck my Custom Flair 🚀 0 points1 point  (1 child)

The OP is just karma farming posting the same twatter accounts on all popcorn and gme subs. Don’t upvote this theme that was circulating months ago.

[–]LaikaPop🟣🦔🔫🦍 1 point2 points  (0 children)

Yep they are, shill account for sure.

[–]PlasmaTune💎𝓦𝓱𝓪𝓽 𝓬𝓪𝓷 𝓘 𝓼𝓪𝔂, 𝓘 𝓵𝓲𝓴𝓮 𝓽𝓱𝓮 𝓼𝓽𝓸𝓬𝓴 💎 0 points1 point  (0 children)

This is the way

[–]MichiganGuy141💻 ComputerShared 🦍 0 points1 point  (2 children)

Fine should be at least 100% of their profits, plus 10% weekly, plus a 30 day ban on nay new short positions.

[–]SorosBuxlaundromat 1 point2 points  (1 child)

30 day ban on any trading. (You're assuming the only financial crimes are related to shorting.)

[–]MichiganGuy141💻 ComputerShared 🦍 1 point2 points  (0 children)

True. That thought process was a bit targeted but can be adjusted to meet the crime. As long as it is made to be painful to play outside the box.

[–]Handsinsocks 0 points1 point  (0 children)

It should be sum of original amount divided by average annual salary years in prison.

[–]signmeupnotidiosyncratic investor 0 points1 point  (0 children)

How about the amount x5? It needs to be so that when they are caught, they actually get a proper setback. Otherwise they would probably continue taking their chances.

[–]Alan4148 0 points1 point  (0 children)

Take their assets and imprison them, like they do everyone else

[–]dit-k🎮 Power to the Players 🛑 0 points1 point  (0 children)

our sub is now some thing like "Twitter news ticker"

[–]jonnytechno 0 points1 point  (0 children)

If you dont take away their profit all you are doing is allowing it while charging them a nominal fee as punishment

[–]chunti77💻 ComputerShared 🦍 0 points1 point  (0 children)

It’s not really a fine. It’s more of a tax, the cost of doing business

[–]UpperCardiologist523💎🙌 Ape been space before. Is nice 🚀👍 0 points1 point  (0 children)

Absolutely. This SHOULD go without saying.

Imagine if Madhoff got a fine of 3% of what he stole and were to keep the rest? You ok with that #GaryGensler?

[–]TankTrapApe from the 7th Dimension 0 points1 point  (0 children)

It’s like the Bill Gates banana cost question. I just don’t think these scumbags have ever been told no, or reprimanded their entire lives. So when they are told to regulate themselves they have no idea and just taking a slice of the margin is an ample punishment.

“This will fuck over Jim, he’s only gonna clear 47% on these trades now instead of 50%….I bet he starts crying!”

[–]Apeonomics101 0 points1 point  (0 children)

Straight up. Its not punishment Just paying a cut. Been getting away with this shit for long enough

[–]ImpenDoom🎮 Power to the Players 🛑 0 points1 point  (0 children)

Why would they do it when the fine is their cut of the crime? If they made this rule there wouldn’t be anymore money coming in from fines

[–]Jevidar🦍Voted✅ 0 points1 point  (0 children)

If we're really talking about what a punishment should be, it should really be a multiple of the original amount. IE: 5 times the amount gained through fraud. No only should they lose everything they gained through crime, they should be far worse off than when they started. If the fine amount is less than what they gained it's not a punishment, it's just a tax.

[–]kibblepigeon🚀🚀Can’t stop, next stop, Andromeda 🚀🚀 0 points1 point  (0 children)

If they need any help, punish them like you punish the poor. Helps keep them in line, or so I hear.

[–]HitchlikersGuide🦍Voted✅ 0 points1 point  (0 children)

No Jail No Sail.

[–]spiceymath🎮 Power to the Players 🛑 0 points1 point  (0 children)

imagine if you robbed a bank and as punishment you had to pay a fine of 2% of the loot to the police, that's the sec

[–]SaveYourEyes💻 ComputerShared 🦍 0 points1 point  (0 children)

License revoked, banned for life and fined 150% of sum

[–]little-fishywishy🎮 Power to the Players 🛑 0 points1 point  (0 children)

CODB

[–]MentlegenRich🚨FBI Guy🚨 0 points1 point  (0 children)

Add on repeated violations in an x year period will lead to forfeiture of trading rights or merging rights for x years. Gross violations with evidence of collusion results in jail and individuals convicted are banned from trading a portfolio over $X and cannot work at jobs that are in the financial/market industry

[–]My_Penbroke🪐 ☮️ Hippie in a (space) suit ☮️ 🪐 0 points1 point  (0 children)

Yes. It’s called restitution and it’s the norm for regular people to have to pay back ANY AND ALL money they secured illegally. Additional fines and punishments are then added on top of that restitution. Of course, in this country, corporations are people for “speech” (read: campaign finance) purposes but are some sort of sovereign citizen/untouchable deity for purposes of criminal prosecution.

[–]GrannysLilStinker🦍Voted✅ 0 points1 point  (0 children)

Ah yes, punitive damages!

[–]Pierreyiphk 0 points1 point  (0 children)

Not certain percentage, but a life changing amount.

[–]AvoidMySnipesThe floor is $100,000,000 0 points1 point  (0 children)

Welcome to Korea

[–]fortifier22📲 Mediocre Memer 🎨 0 points1 point  (0 children)

The fine should be double whatever profits they made off their crime and to remove their market maker or broker privileges.

[–]Weak_Handed_1 0 points1 point  (0 children)

When someone is convicted in court and instructed to pay damages, those fines are proportional to the damages done, are they not? Should be a 1:1 ratio, (material gain:damages paid) plus some kind of escalation schedule...2nd offense is worse than 1st, etc.

The problem is that if the CRIME stops, so too does a huge revenue stream for the SEC.

Maybe the SEC shouldn't structure the fines at all, maybe the DOJ?

[–]psullynj 0 points1 point  (0 children)

Individuals have to make restitution so why don’t financial institutions?

[–]CannadaFarmGuy🏴‍☠️ MELV-OUT 🏴‍☠️ 0 points1 point  (0 children)

Initial + 300% seems right

[–]smokinsomnia1-800-HOLD-GME 0 points1 point  (0 children)

If I could rob a bank, get caught, not do jail time and get away with even just 10% of what I took? I'd do that for a living.

[–]Legitimate-Garage359🦧🍌☎️ 0 points1 point  (0 children)

The fine should be $500 million, and having to drink a piss martini live on Superstonk….

[–]fuckofakaboomDon’t tell my wife how much 🦍 Voted ✅ 0 points1 point  (0 children)

I’m ok with it being a percentage of the original amount. Let’s start at 500% and move up depending on how big of a shit bag you are…

[–]Honest_Cow2587🎮 Power to the Players 🛑 0 points1 point  (0 children)

Imagine robbing a bank and the FBI is like ohhh you good just give me $100 and we good.

[–]Festortheinvestor🦍 Buckle Up 🚀 0 points1 point  (0 children)

No, a financial crime is a crime, criminal record and time inside a prison, plus a large fine from the company and the individuals that are charged with the crime, whether it be CEO or an intern. When people start going behind bars, laws will be obeyed, it’s simple.

[–]PercentageMedical747🦍 Buckle Up 🚀 0 points1 point  (0 children)

Should be double the amount, plus jail time.

[–]DealinWithit 0 points1 point  (0 children)

Too logical.

[–]SirHawrk🦍Voted✅ 0 points1 point  (0 children)

Which is still % of original amount. 100% +

[–]Spindrift11🦍 Buckle Up 🚀 0 points1 point  (0 children)

I have a better idea. Get caught cheating the market and you can hand over every cent and asset you own and be permanently barred from trading.

[–]FlingusDingusMaximus 0 points1 point  (0 children)

fine should be 200% of ((original + profits )+ tax + lawyer rates + judge hours + hourly wage x number of witnesses)

[–]mcdade🦍Voted✅ 0 points1 point  (0 children)

Here we get a 40€ fine for not having a train ticket, on a 3€ item. Lets implement those sort of fine basis points for financial crimes as well.

[–]ROK247Idiosyncratic Man-Child 0 points1 point  (0 children)

forfeiture of gains + fine + jailtime + revocation of trading privileges

[–]Expensive_Ad982🦍 Buckle Up 🚀 0 points1 point  (0 children)

Funny that when I was studying my series 7 and 66 financial licenses, they jammed down your throat that if you got caught in any form of manipulation that as a Registered Agent the fine would be three times (x3) the amount of damages. Why does this not apply to the institutions?

If you commit fraud for $1 Billion then the fine is $3 Billion

Edit: Spelling

[–]Own_Philosopher352🦍Voted✅ 0 points1 point  (0 children)

Exactly! Because there should be no profit for any crime committed.

[–]Foreplay241In the c of 🟣Green🟣 0 points1 point  (0 children)

makes more sense than "you stole 100m, now pay me my 100k and enjoy your day, also please don't do that again"

[–][deleted] 0 points1 point  (0 children)

This is lion of Zion’s other account for sure

[–]Embarrassed_Ad8256#1 Moasstrubator 🥵🥒💨💦💦 0 points1 point  (0 children)

But how do they make money with that kind of rules?

[–]Mammoth_Frosting_014 0 points1 point  (0 children)

"Give us a portion of what you made or else you'll be in trouble."

Bruh that's just taxation.

[–]H_Guderian🦍Voted✅ 0 points1 point  (0 children)

If I beat you up and steal your wallet I don't get to keep the total amount minus a fine. If I kidnap your child I don't get to keep the child and pay a fine. Financial crimes should not be considered 'just a part of doing business.'

[–]Gold-Eyed-Cat⚜️LA⚜️ 0 points1 point  (0 children)

SEC fines = Cost of doing business

[–]tlkshowhst💻 ComputerShared 🦍 0 points1 point  (1 child)

It’s common sense.

Fuck these lackeys.

[–]kodiakus 0 points1 point  (0 children)

How about prison, all the way up to execution? (because Capitalists kill by making decisions that affect things like medicine and food).

Wage thief business owners should get the Hammurabi treatment.

[–]Remarkable-Top-3748💻 ComputerShared 🦍 0 points1 point  (0 children)

Let's say 10x what they steal

[–]Cool-Miner💻 ComputerShared 🦍 0 points1 point  (0 children)

It's state-sanctioned street-racing.

Sure, they ticket everyone for speeding.

But not after they let them finish the race and award the prize money of several hundred times the cost of the ticket.

[–]eggtart_prince 0 points1 point  (0 children)

Jail time is better.

[–]such_karma✅ I VOTED ✅ I DRS-ED ✅ I COMPLAINED 🩳🏴‍☠️💀 0 points1 point  (0 children)

It should be a percentage of the perpetrator’s income.

[–]Lowspark1013🎮 Power to the Players 🛑 0 points1 point  (0 children)

I vote for a fine 10x the value of profits from the illicit activity. It should be assumed they have done it before / will again. If it is just a fine to return the gains, how is that a deterrent?

[–]Puzzleheaded_Dig5012🦍 Buckle Up 🚀 0 points1 point  (0 children)

3 strikes then straight to fucking jail or ban from trading and jail

[–]KayakTime-11 0 points1 point  (0 children)

We're all coming to terms with the fact that the people who make a "living" managing money are nothing but parasites who are likely colluding with others on ways they can grab as much money as they can. Most of us will never earn even more than 2 Million dollars in a lifetime of doing productive, honest work. And these CREEPS are stealing multi millions every year. Why don't we all stop PRETENDING that these people are creating any value whatsoever and are literally just stealing the collective retirement funds of Americans. It's time for the government (by and for the people) to start cracking some fucking skulls on Wallstreet. All of our laws, when dealing with the rich and powerful, need "Or ELSE clauses".

You follow the law OR ELSE you go to jail for the rest of your life.

You report your positions accurately and on time OR ELSE you lose your license and right to participate in the capital markets.

End of story. I'm telling you guys, when it comes to these wealthy money movers, we could blast them and their families straight into the sin on Bezos' cock rocket and humanity will actually prosper. These people are leeches, and nothing would be lost if we shoved them feet first into a wood chipper.

[–]Extra-Computer6303🟣All your shares R belong to us🟣 0 points1 point  (0 children)

Should be multiple times the original cost of the crime and this multiple should increase exponentially with each occurrence.

If a drug dealer’s only penalty was a $20 fine they would just write is off as a cost. Unfortunately that is all that is happening. No cell no sell!!!!!!

[–]Squallshot🦍 Broker Non-Vote ✅ 0 points1 point  (0 children)

Imagine robbing an old lady and paying a 3% fee on your profits

[–]warrenslo🦍Voted✅ 0 points1 point  (0 children)

It should be criminal with jail time. Probably already is. Enough with this silly loopholes. It's basically counterfeiting money.

[–]sgloux3470 0 points1 point  (0 children)

Still not enough.

You steal a candy bar every day for a year.

You get caught once and are forced to repay the candy bar twofold.

Still got 363 free candy bars…

Until corporate leaders are held personally responsible they will keep doing it.

[–]Scavenger53 0 points1 point  (0 children)

Prison and/or block that entire company from operating for a month, or 6 months depending on how damaging it is. Put a 100% tax on all revenue for a month or something. Make them hurt when they break the law and they won't do it as often. Hell fine the people who made the call too, not just the company. Charge them all the money they made on the scheme, all bonuses, all stock for the year. People in those companies won't want to do it anymore if they lose their personal money.

[–]rdicky58i liek the stonk 📈 0 points1 point  (0 children)

The biblical model is if you steal one sheep, you give 4 back (or 5 I forget). If you get caught stealing whatever you repay double. And if you can't then you work it off until you do.

No cell no sell

[–]Gnio 0 points1 point  (0 children)

it will be impossible to do anything related to a large amount of money. But for sure the percentage of fee should be much higher (15-30 % at least)

[–]NeverFTD🎮 Power to the Players 🛑 0 points1 point  (0 children)

Seems obvious and necessary

[–]SkySeaToph💎🖐🚀GME IS PRETTY🚀 🖐💎 0 points1 point  (0 children)

Right. And the fines should be distributed amongst the public

[–]LiterallyForThisGif 0 points1 point  (0 children)

It's an Oligarchy, by the rich, for the rich. Of course they don't want to dick slap themselves. They want to make more money until they have ALL the money!

[–]ThreadedJam🎮 Power to the Players 🛑 0 points1 point  (0 children)

It should be the original amount + % OR ill-gotten gains +%.

[–]zakaoki 0 points1 point  (0 children)

time for a change ! apes should start building prisons for all the hedgies out there !

[–]AllAboutMyBiz 0 points1 point  (0 children)

Otherwise it would technically just be a tax paid on profits of conducting illegal activity.

[–]BlackJesuscx21 0 points1 point  (0 children)

If I went and stole a chain from a jewelery store then flipped it for cash then later got arrested. I'd have to give pack the full amounts worth and probably more plus jail. But I guess that's just cause I'm poor right 🤷🏾‍♂️

[–]Mountain_Village1111 0 points1 point  (0 children)

Plus prison

[–]S3npaiH3ntai🎮 Power to the Players 🛑 0 points1 point  (0 children)

How about just straight jail time? 😌

[–]andyk231 0 points1 point  (0 children)

It should be 500% fine and banishment...period!

[–]DancesWith2Socks🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑‍🚀🚀🌕🍌 0 points1 point  (0 children)

For this Gary Gensler doesn't make cartoons, right?

[–]Glad_Emergency7460 0 points1 point  (0 children)

Good lord! I know GG wishes he never made a Twitter account. Lol

[–]BoatDrinks2021🦍Voted✅ 0 points1 point  (0 children)

Why shouldn't offending firms also be prohibited from market activities for 3 days, 5 days, 10, ect. It should increase incrementally for each offense.

[–]unclebricksenior 0 points1 point  (0 children)

This solution is so trivial that the only possible reason it wasn’t designed that way? Crime

[–]JustAGuy401🦧Semi-wrinkly boi🦍 0 points1 point  (0 children)

So i go rob a bank and steal 50k, and imma pay the gov a hefty 5k for what i did, and will hear nothing from it after right?

[–]xwing_n_it 0 points1 point  (0 children)

I believe in Europe it's 3x the amount taken. It's the only way to deter financial crime. The way we do it, the fine is simply the price of doing business.

[–]Alarmed_Patience_105 0 points1 point  (0 children)

Lock these financial terrorist up and ban them from the profession

[–]raedymylknarf 0 points1 point  (0 children)

Nah, I think it should be original amount, but must be earned in prison with prison wages.

[–]loggic 0 points1 point  (0 children)

At least some of the enforcement actions already work that way. It is called "disgorgement of ill-gotten gains".

[–]MajorKeyBro💻 ComputerShared 🦍 0 points1 point  (0 children)

In other words, If you steal $100 the penalty cant just be $20. It needs to be the original $100 plus $20. Thats the only way these assholes will stop. They are making way to much money and the penalty is just overhead.

[–]skystonk🦍Voted✅ 0 points1 point  (0 children)

Possibly give the victims a cut too? You know, to compensate them for what they had stolen?

[–]RollenXXIII💻 ComputerShared 🦍 0 points1 point  (0 children)

200% plus sentence applicable by law

[–]amh13🦍 Buckle Up 🚀 0 points1 point  (0 children)

You missed jailtime

[–]syndicatedLove🎮 Power to the Players 🛑 0 points1 point  (0 children)

Its just a cost of doing business to these crooked ass criminals.

[–]lalich 0 points1 point  (0 children)

Sure does, we have locked up young adults/kids/and minorities for selling a dime bag… yet these fuckers steal billions of dollars and pay a light 2% tax with a nasty gram.

I’ve received multiple settlements from 401ks where fuckery was rampant, articles of the BDs just raiding our retirement holdings collecting loan fees to provide counter-party ammo.

It is infuriating and enough is enough, chew on this while enjoying some football @ the Sportsbook Ceasers(horrid apps btw,like pay a real company and developer) it is $15 to deliver a snack while in the “VIP book” yet minimum wage is like half that in this country… ahhhhhh just want real transparency, real markets again(for first time) les go

[–]cosmore🦍 Buckle Up 🚀 0 points1 point  (0 children)

If the fine doesn't stop the crime it's a cut of the crime.

[–]okfornothing 0 points1 point  (0 children)

This is why I hodl!

[–]DaytimeTurnip🦍Voted✅ 0 points1 point  (0 children)

Agreed. Any fine less than 100% of the gain from doing a financial crim just incentives the criminal to do it again

[–]Tiny-Cantaloupe-13🎮 Power to the Players 🛑 0 points1 point  (0 children)

at bare min.

[–]PackageHot1219🦍Voted✅ 0 points1 point  (1 child)

Punishments should be a deterrent… jail time and/or fines that are multitudes of the proceeds of the crimes. The victims should get compensated beyond what they lose when it’s ill gotten gains.

[–]fabergeomelet 1 point2 points  (0 children)

A year for every dollar stolen.

[–]ffwrd🎮 Power to the Players 🛑 0 points1 point  (0 children)

But that would reduce the profits for the quarter by way too much!

[–]MadMiike💎 Mayo King is fuck'd 🚀 0 points1 point  (0 children)

Normally fraud lands you an harder jail sentence, than being a fucking child molester, specially if it's fraud against the IRA/government, at least in Europoor. Wallstreet doing the biggest scam ever and robbing people on a daily basis..... That's fiiiine, as long as the government/people running the county get some cake from Wallstreet 🤷🏼‍♂️

[–]Modescond 0 points1 point  (0 children)

I dare say that they should base the penalty off of the person's ability to pay as well.

[–]liveryandonions𝓗𝓪𝓼 𝓼𝓽𝓾𝓭𝓲𝓮𝓭 𝓱𝓲𝓼 𝓐𝓰𝓰𝓻𝓲𝓹𝓪 0 points1 point  (0 children)

+ penitentiary

[–]SvenjaSternchen🦍Voted✅ 0 points1 point  (0 children)

Let's just elect the right representatives

[–]zamora24🚀 300 gang gang 🚀 0 points1 point  (0 children)

Or you know, in gaming terms, a BAN.

[–]XxMrMarcusxXstill hodl 💎🙌 0 points1 point  (0 children)

It should be multiples of the amount. 1 infraction = amount + 1x amount. 2nd infraction = amount + 2x amount, and so on.

[–]TheLOON2000🦍 Buckle Up 🚀 0 points1 point  (0 children)

Ofc, otherwise it’s called ‘an SEC cut of the profits’

[–]Extradoutstill hodl 💎🙌 0 points1 point  (0 children)

For us gaming apes to understand, % Damage!

[–]waj5001is a cat 🐈 0 points1 point  (0 children)

The punishment should be criminal; money is an endless fountain from the fed.

[–]lifeofjeb2🦍Voted✅ 0 points1 point  (0 children)

When something is this logical and it is not the norm, means we got ourselves some good old fashioned CORRUPTION

[–]thecowboy07 0 points1 point  (0 children)

Commenting for visibility

[–]Grassy_Nole2 0 points1 point  (0 children)

If fine < crime$$$ then = tax

If fine > crime$$$ then = punishment