(04-25-2012 08:41 PM)Brainwreck Wrote: I hope it is just a beginning. I would be great to see the jails filled with some of those cheating executives for a change.
This guy may be the foot in the door at Morgan Stanley. The lawyers for the SEC and Peterson have obviously been talking for sometime prior to this announcement which also contained a plea agreement. From the report;
Quote:Peterson agreed to a settlement of the SEC’s charges in which he will be permanently barred from the securities industry, pay more than $250,000 in disgorgement, and relinquish his interest in the valuable Shanghai real estate (currently valued at approximately $3.4 million) that he secretly acquired through his misconduct. The U.S. Department of Justice has filed a related criminal case against Peterson.
Notice no mention of jail time and the seeming "throw away" comment of a related DOJ criminal case.
I smell cooperation in the air with the investigators in exchange for lenient sentencing for Peterson.