Birdwatch Note Rating
2023-04-28 00:36:28 UTC - HELPFUL
Rated by Participant: 248A96399FCD14E642C983854CC338866567E84AD0419DC4B8E7976703CB140E
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.
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