“Look, we’re doing something!” crows the SEC. And yes, she probably did trade on inside information. That happens every day. If we prosecuted everyone who did so, we’d have more white-collars in prison than dope-dealers.
Where, though, are the cases against investment bankers who fraudulently hyped stocks of worthless companies and colluded with technology CEOs and other Wall Street insiders to leave ordinary investors holding the bag?
Let’s don’t watch them go after Martha with one hand. If we do get distracted, the other hand will slap these real criminals on the wrist and let them get away with it.