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OrangeMonkey | 3 years ago

Let’s fast forward in financial regulation knowledge with a question perhaps.

Why do you think the sec had to require that directors and executives have a fiduciary responsibility to shareholders? Why are executives fined and jailed when they violate this?

Those answers should explain why there is an incentive to not allow public investable companies to fuck with their investor money in a way that isn’t necessarily in their best interest. If they want to do that, you can invest in private companies that the mom and pop investor can’t get hoodwinked into.

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