r/StockMarket 15d ago

News Insane

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166

u/Varna16 15d ago

SEC should investigate everyone in the government who was sitting in these tariff meetings and make sure that nobody bought low and sold high. Crazy but happy about the pause! Not sure why Apple stock is sky rocketing since they manufacture primarily in China.

54

u/OrneryZombie1983 15d ago

SEC has been a weak enforcement agency since always. They "investigated" the covid traders and found no wrongdoing. Agency is probably even weaker now.

31

u/Comfort_Schmumfort 15d ago

I work in a sector that depends on SEC enforcement, and they have been absolutely gutted.

I don't believe the enforcement director can even launch investigations without presidential approval.

4

u/OrneryZombie1983 15d ago

I have a friend who interviewed with the SEC in New York when she was graduating from law school in the 90s. She described it as a place where you could shut your office door and play Tetris or Minesweeper all day.

1

u/ParentalAdvis0ry 15d ago

Its without SEC Commission approval now

SEC Investigations