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this post was submitted on 14 Nov 2025
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Kind of nice of them to put that in the alt text for the link for a tool tip, though it wasn't helpful here.
The SEC was always a bit of a joke, but under Trump, there is zero enforcement of accounting rules and everybody knows it. Agressive Accounting, formerly known as fraud is now known as business. (Pronounced bid-ness)
It was no different under Biden or Obama. SEC always had a revolving door with Corps, same as the FDA.
I mean, it's kinda been the standard since Regan legalized stock buybacks.
And Clinton removing the Glass-Steagall provisions...
I don't think he's giving up. I just think he does not want to file a 13F any more.
I’m not knowledgeable enough about this stuff. Is he basically saying he can’t play the game if the rules themselves are no longer being followed?
It looks to me like he's retiring, happy and rich.