The find was intended to be a message for markets, according to GaryGensler
Stewart, former host of “The Daily Show,” asked whether the SEC also goes after big players after seemingly dismissing the significance of the agency’s fines against the aforementioned celebrities.
“We’re doing both or all of the above, but within limited resources, and within a judicial system,” Gensler said. had fined such major companies as Barclays and other big banks in terms of violations of U.S. Securities laws. Allianz, one of the largest financial institutions, was hit with a massive $6 billion fine earlier this year, Gensler recalls.
Gensler recalled that it held Boeing accountable for misleading its clients regarding airplane safety.
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