I am sorry but this is bullshit:
"Without admitting or denying the allegations in the SEC’s complaint, JPMS has consented to the entry of a final judgment enjoining it from future violations of Section 15(c)(1)(A) of the Securities Exchange Act of 1934 and has agreed to pay a penalty of $32.5 million and disgorgement of $11,065,969 with prejudgment interest of $7,620,380. The settlement is subject to court approval." - ENDQUOTE
No folks, you do not let the same criminals off the hook time after time with no admission of guilt. If they are breaking the law, then a simple fine is not good enough. I want to see punishment, people thrown in jail, and the fine should be a deterent such that similar fraud does not occur again in the future. There is no justice in this arrangement as reported.
cheers!
mike