Earlier, I asserted that penalties for financial crimes in Japan are too lenient.
So, how do things stand in the United States?
In the US, market manipulation, even by securities firm executives, carries severe penalties for both corporations and individuals.
This is because US securities law prioritizes market fairness and investor protection above all else.
Corporate Accountability in the USFor corporations, the consequences are staggering.
In addition to disgorgement of illicit gains, massive civil penalties ranging from hundreds of millions to billions of dollars are imposed.
Regulatory bodies like the Securities and Exchange Commission (SEC) can issue business suspension orders or revoke licenses, severely restricting operations.
Furthermore, companies face substantial compensation payouts from class-action lawsuits filed by investors.
Beyond the quantifiable financial damage, the loss of corporate reputation is immeasurable, leading to significant long-term negative impacts on the business.
Individual Consequences:
A Career’s EndFor individuals, the repercussions are even more severe.
