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In reply to the discussion: David Sirota: Leaked Docs Show How Wall Street Extracting Massive Fees from Public Pension Systems [View all]Ichingcarpenter
(36,988 posts)24. No.... It is Securities Fraud
A type of serious white-collar crime in which a person or company misrepresents information that investors use to make decisions.
The types of misrepresentation involved in this crime include providing false information, withholding key information, offering bad advice, and offering or acting on inside information.
Corporate And Securities Fraud
Corporate and securities or investment fraud impact our financial markets and rob victims of their hard-earned savings. The Western District of the Department of Justices aggressively prosecutes accounting fraud, insider trading, Ponzi schemes, market manipulation, securities fraud, mail fraud, and wire fraud.
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David Sirota: Leaked Docs Show How Wall Street Extracting Massive Fees from Public Pension Systems [View all]
Hissyspit
May 2014
OP
People who handle pension fund money at any length should owe a fiduciary duty to the
JDPriestly
May 2014
#16
Some will rob you with a six-gun, And some with a fountain pen. Woody Guthrie
Tierra_y_Libertad
May 2014
#21
Google "Borzi," as in Phyllis Borzi, the Assistant Secretary of Labor for Employee Benefits Security
mahatmakanejeeves
May 2014
#23