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LetMyPeopleVote

(179,734 posts)

7. This was a civil case

Reply to travelingthrulife (Reply #5)

Mon Mar 23, 2026, 11:00 AM

Monday

The SEC was suing for violation of Section 13(d) of the Securities Exchange Act of 1934 which requires a public filing when one acquires 10% of the stock of a public company. There can be criminal prosecutions of this law but the SEC could only bring a civil case. The DOJ is the agency that pursues criminal violations.

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