Without admitting any wrongdoing ?

It is funny how all the mutual fund cases are being settled without doing real justice. Most of these fund companies are paying fees that don't even come close to the actual amount they stole from ordinary investors. In addition, some of that compensation is in the form of providing investor education services - what was that again ? It is like asking a convict to handle the Sunday sermon!

Not enough is being done to go after individuals who obviously benefited, directly or indirectly. These guys should see solitary confinement for a few years without their Maybachs.

It is odd that someone can get 25 years for stealing a slice of pizza (under California's notorious 3-strikes law), but these soulless corporate thieves go scot-free.

Similarly, some of these criminals get to have an outsized influence on the electoral system by way of political donations, but a small-time felon in Florida is barred from voting.

Apologies for this preachy post, but I just had to get it out. Next time you invest, you vote, you buy that yacht, take some time and think if your happiness has come from outright robbery. Looks like all these sleazy fund executives and CEOs never had time to muse!