Former Dendreon CEO Mitch H. Gold investigated in insider trading probe...

Discussion in 'Dendreon' started by Anonymous, Jun 28, 2015 at 11:10 AM.

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  1. Anonymous

    Anonymous Guest

    wow maybe counting down his last days of freedom. Could not happen to a more deserving person
     
  2. Anonymous

    Anonymous Guest

    That article is more than two years old. When the SEC finally gets off their butt and conducts an investigation, it doesn't take them two years to file an indictment.
     
  3. Anonymous

    Anonymous Guest

    You are right. Sadly, in many cases, it takes them 3 to 4 to 5 years.

    By the way, they do not indict. They charge for civil violations. You may be thinking of the FBI.
     
  4. Anonymous

    Anonymous Guest

    "Lengthy SEC Investigations
    Typically, SEC investigations are lengthy, often taking years to complete.

    The SEC staff has never had a customary practice of granting immunity to peripheral players to make a case against key individuals at the heart of the alleged misconduct. Instead, they pursue each individual who may have violated the federal securities laws, even if one person has less culpability and could help bolster an enforcement action against a more culpable person. Similarly, while companies may get credit for cooperation, the SEC has not had such a policy for individuals. So, counsel for individuals have not flipped their client to provide evidence against others to get leniency.

    If the SEC takes an aggressive settlement position, such individuals have little incentive to settle if they have the financial means--personally, or through insurance or indemnification—to defend themselves. This leads to more delays."