Matt Levine’s Money Stuff: The SEC Was Busy Last Week

SEC: General

What if the US Securities and Exchange Commission never brings another enforcement case? What if it’s like “ahh, go ahead, do all the fraud you want”? What if the only enforcement cases are against BlackRock for doing ESG investing, or against short sellers of Trump Media & Technology Group Corp.? Crime might be legal now, if you are a vocal enough supporter of Donald Trump, and the financial and crypto industries are rushing to support him. It’s hard to imagine anyone getting in trouble for texting about work from their personal phones, now.

Just in case, the ...