Birdwatch Note Rating
2023-04-29 23:47:50 UTC - HELPFUL
Rated by Participant: 1D28BD72A9B79EB13BF9C6C9EB4C36592EBBA5F5CD728E1D080AAAAF69EA0B08
Participant Details
Original Note:
He says that for 90 years, SEC has successfully protected investors, but that isn't true. There are multiple cases of investors being harmed by companies that were registered and monitored by the SEC. Like the FTX case: https://www.washingtonpost.com/technology/2022/12/14/sec-gensler-crypto-ftx/ And gold trades manipulation: https://www.bloomberg.com/news/articles/2023-03-21/jpmorgan-gold-traders-should-get-prison-for-spoofing-us-says And many more.
All Note Details