3 millions in profit and only just a $72,875 fine, what a joke | Hacker News

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Shadonototro on Aug 18, 2021 | parent | context | favorite | on: SEC charges Netflix insider trading ring

3 millions in profit and only just a $72,875 fine, what a joke

solumos on Aug 18, 2021 [–]

There will be additional criminal + civil penalties decided in court. As far as I can tell, the $72K fine is imposed directly by the SEC for breaking the rule.

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