How The Securities Exchange Commission-SEC Fail Time After Time: "The London Whale, The French Banker Who Lost; Or Stole $6.2 Billion Dollars.
THE FRENCHMEN BANKER WHO LOST & STOLE 6.2 BILLIONS DOLLARS & GOT AWAY WITH IT & THE SEC DID NOTHING. How The Securities Exchange Exchange Commission-SEC failed to investigate the Frenchmen; and failed to protect the American financial markets from global and domestic “Credit Swap Frauds.” How the SEC Fall Short, the foreign bank trader of “Credit Swaps; Bruno Iksil was never charged with any wrongdoing by the U.S. Securities and Exchange Commission (SEC). In fact, the SEC failed to produce any meaningful charges, despite plenty of help from Iksil becoming a confidential informant for the SEC. "The Whale is singing like a canary, cooperating fully with U.S. investigators," back in 2013 as the financial scandal was unfolding. Instead of the SEC and the FED’s punishing the mastermind behind the global crime, the FEDs punish lower bankers who knew; or did not know about Iksil global crimes. The end result of Iksil's "cooperation" led to the SEC char