42 minutes ago by codeulike
DC Judge Royce Lamberth on April 26 set in motion a sanctions probe affecting Alex Oh, who'd joined the SEC as enforcement chief from the law firm Paul Weiss. Lambeth's order: https://courtlistener.com/recap/gov.uscourts.dcd.14559/gov.u... Oh today announced her resignation
https://twitter.com/MikeScarcella/status/1387524397993545728
edit: I dont understand it either, heres a longer article about it
https://www.nytimes.com/2021/04/28/business/sec-enforcement-...
39 minutes ago by stefan_
I need a decoder ring for this. This is a court order in some case v Exxon. Whats it got to do with FISA or Clinton?
22 minutes ago by the_optimist
Melissa Hodgman is Peter Strozk's wife. Peter was (is??) the FBI-counter-intel agent notorious for his work on "Crossfire Hurricane," the Hillary Clinton email server, the "lying to the FBI" charges against Michael Flynn, and the questionable representations made repeatedly by the FBI to the FISA court.
8 minutes ago by cyanydeez
by "notorious" you mean in the far right muck making mschine
26 minutes ago by nickodell
Alex Oh worked for a law firm which represents Exxon. That law firm was accused of obstructing a deposition to avoid providing answers to the other side. [1]
>ORDERS defense counsel to show cause by May 14, 2021 why sanctions should not be imposed under Rule 11 (b)(3) for alleging that plaintiffs' counsel was agitated, disrespectful, and unhinged during the deposition despite a lack of record evidence supporting those allegations. See Mem. Op. 29-31. >ORDERS defendants to serve a copy of this order on Ms. Oh.
Was Alex Oh specifically responsible for this conduct? The order doesn't say.
What does this have to do with Clinton? Nothing, except in a six-degrees-of-kevin-bacon sense.
[1]: https://www.courtlistener.com/recap/gov.uscourts.dcd.14559/g...
31 minutes ago by dboreham
Nothing?
33 minutes ago by huac
The case in question is an important one: https://en.wikipedia.org/wiki/Doe_v._Exxon_Mobil_Corp.
13 minutes ago by __john
For some reason your Wikipedia link doesn't include the period at the end.
> https://en.wikipedia.org/wiki/Doe_v._Exxon_Mobil_Corp.
edit: maybe a bug with the way HN handles the text to HTML.
7 minutes ago by temp667
It seems very unlikely that Exxon can be sued by folks living overseas in US courts for things govt members (members of their military) were involved in to benefit exxon, or am I not following this?
China clears and relocates folks all the time, I've never heard of those folks being able to sue in the US even if the removals benefit a US company.
38 minutes ago by mvzvm
More context here: https://www.wsj.com/articles/new-sec-enforcement-director-al...
32 minutes ago by carbocation
That is helpful! Thank you.
> Ms. Oh decided to resign after a U.S. District Judge Royce Lamberth, in an order issued Monday, questioned her conduct during a deposition in a case filed against Exxon Mobil Corp. Ms. Oh’s law firm, Paul Weiss, represents Exxon.
36 minutes ago by undefined
40 minutes ago by mvzvm
I wonder what they saw...
40 minutes ago by temp667
If they would increase penalities and enforcement around failures to deliver we'd know they actually cared about a functioning market.
Too many attorney's, not enough CPA's / Economists or investors in their staff.
9 minutes ago by gruez
I see r/superstonk is leaking.
30 minutes ago by datavirtue
They operate within the constraints of thier authority and resources. Complain to you congress person and or senator.
40 minutes ago by ffggvv
they havent done their job at all. from tesla to spacs to crypto to GME.
35 minutes ago by sokoloff
What does/should the SEC have to do with crypto (in general; they obviously have some oversight for COIN)?
5 minutes ago by eloff
Crypto ICOs have been deemed to be a security offering, and are being regulated as such by the SEC.
6 minutes ago by jonathankoren
Crypto is a security. I’m under the impression that crypto is just a massive fraud, market manipulation, including insider trading. The whole MtGox debacle[0] cemented then idea in my mind that crypto is shady AF.
[0] Lest we forget, the original largest crypto exchange was named “Magic: The Gathering Online eXchange”.
3 minutes ago by rawtxapp
SEC themselves ruled they don't consider BTC and ETH a security and they are currently going after XRP because they consider that to be a security.
MtGox has been dead in over 7 years, I'm not sure how that's relevant today when we have well regulated exchanges.
42 minutes ago by andrewmcwatters
Well, it's not like the SEC does anything meaningful these days anyway. Along with the FCC and FTC. In fact, I can't think of anything meaningful any of these agencies have done in recent history.
Edit: It's interesting this post in particular was so divisive. We don't have a well functioning market, my phone is effectively worthless these days, and monopoly and over-regulated corporate practices effect my day-to-day life in the most mundane of ways. But apparently that's not a good opinion here to share. OK.
14 minutes ago by cookguyruffles
If you don't think the SEC are keeping busy you probably haven't been looking very hard. Ignoring enforcement which someone else mentioned, they are the only thing stopping exchanges charging every human on the planet $1000 each time they blink.
It's a full time job in itself, and the SEC can be quite heavy-handed in increasing competitiveness despite a continuous onslaught of lawsuits from incumbents every time they sneeze. Recent examples include approving an IEX order type that fundamentally undermines a traditional business model for the exchanges (but is beneficial to just about everybody else), and the new market data initiative approved last year which should greatly reduce extortionate rentseeking on the part of the exchanges, while forcing them to share data with the public (depth of book) that previously cost 6 figures per exchange per user annually. Both of these generated immediate lawsuits from NYSE
23 minutes ago by neolog
> I can't think of anything meaningful any of these agencies have done in recent history.
How much have you looked into it?
19 minutes ago by scottmcleod
This is just not true. From firsthand experience and just any basic research.
6 minutes ago by Dopameaner
From a complete layman, Do you have any good data points to start research for this topic?
My initial thoughts are scanning through news websites.
23 minutes ago by JMTQp8lwXL
The SEC has done things about ICOs
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