With the current cleaning up of Mutual funds, the government has started leving fines against these companies, Do you think they make up for the miscouducts or is the market place automatically making corrections through investors taking the money out of these funds. I believe a couple of them have lost several billions though thats a small amount for the huge total mutual fund marketplace.
Ok, for once I don't have an opinion.
IMO, what makes these kinda penalty and fines weird is that while it is the small investors who suffer losses in Xerox, MCI, Mutual Funds etc... the govt slaps fines on these companies to enrich its own coffers.
- So the small investor doesn't normally see any of this money. Although they are the ones who got "robbed".
- The company, which already suffered losses due to misstatements or lack of confidence by the market, is made to pay more.
*]The government (and the lawyers) get all the money.
Faisal bhai, I think (like me) u should’ve reserved posting ur comments too! ![]()
Tofibaba... don't worry. No one will beat you here for posting your comments. We are all pretty forgiving around here. :-P
I wish i could forgive u too for ur share of bs. (j/k)
Atleast I am always respectful and polite.
Unless I'm pulling someone's leg so am I. Sorry dude, didn't mean any disrespect. On the other hand I didn't post anything to beg for anyone's forgiveness. :p
Well one of the issues I have is the traders involved probably made a large bonus for themselves through these trades yet none of their money is been pulled back. Although the company is the key responsible party, unless there is a direct tie back to the actual traders, it doesnt lead to better and more responsible workers. Its like construction engineers, if the blame for failure is limited only to the company, a poorly qualified or unethical engineer would continue to get away with such things for much longer.