I’ve been engaged in litigation with 2 administrative regulators for 6 years. I took a principled stand refusing to disclose personal financial data of customers on the basis that it was private property and the securities regulator had no jurisdiction to compel compliance with a summons. I confidently invited them to assert contempt and request a Court to endorse their summons; they refused and kept the matter in-house and ran a farcical hearing finding me guilty of “obstruction, fining me $184K, and banning me from Capital Markets. All of which is completely inconsequential to me as I’m disinterested in regulated capital markets, am ‘judgment-proof’ against the monetary fine, and have the respect/trust of those individuals whose private affairs I protected. My question for this event, is whether it’s advisable to invest the energy, time, money into “setting the record straight” by publishing the full context online so 3rd party observers researching the history of the matter will be capable of making an informed assessment of my character and those who tried to squeeze me into breaching trust of customers. I lean strongly towards doing so, but am curious as to what this community views as the best practice in such scenarios.
Want to see this question answered?
Click the "thumbs-up" icon. The questions with the most votes will be answered.
Responses