Comments by "Samson Soturian" (@samsonsoturian6013) on "Shocking Financial Crimes Exposed by the SEC" video.

  1.  @Moped_Mike  Like me, because the best way to profit uncorrelated to the markets is to short fraudulent companies.
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  2. Shut up, greedo
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  3. They often do. I recall one guy who hot slobbering drunk and placed a bunch of trades with company money. He received a ten year ban iirc
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  4. Abuse of follow on offering is what got Bill Hwang got kicked from the Hong Kong market.
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  5. It's a narrow margin business, fool. And these aren't felonies.
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  6.  @richardwhite2730  uh, no. If you haven't been paying attention, there's all sorts of creative misdemeanors. And the majority of these are bankers acting independently to boost their bonuses. What I would damn about investment banking as a whole is the cutthroat competition inside the bank. Most of them fire and promote the botton 10% and top 10% based almost exclusively on who makes them the most money. As well as many other sorts of incentives. Like how many promise six figures to recent college grads if they stay with the company 5-10 years (investment bankers are generally younger and less mature than real bankers). Of course, in order to last that long you must make fast money, and again due to narrow margins small ripoffs go a long way and small problems will cost you your job.
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  7.  @richardwhite2730  Yeah, it's called individual bankers getting greedy, like a lot of the people on this thread. And when I say creative I mean there always another novel hustle.
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