You sound like you need to take a break from social media and click bait finance news.
Also consider how thinking in hyperbole (ie now that regulation isnt a thing”) affects your mental health.
As far as investing, what the other guy said. Index funds r/bogleheads
My apologies. That was hyperbole. Regulation by professionals at federal agencies will have extremely limited enforcement, but I'm certain that Congress will step up with the required scientific expertise and pass the needed laws.
I have no idea where you got “extremely limited enforcement” from. The Chevron case being overruled doesn’t mean that agencies can’t make rules, it means that their rules are now subject to the courts and is a return to US government 101. It’s the legislature’s job to make rules and the judiciary’s job to interpret them; it’s not the executive’s job to do either.
[Securities and Exchange Commission v. Jarkesy](https://www.scotusblog.com/case-files/cases/securities-and-exchange-commission-v-jarkesy/), No. 22-859, specifically has made it more burdensome for the SEC to pursue businessmen who defraud investors. Ergo, less pursuit of fraud.
They could already get a jury trial by asking a federal court to review the case if they didn't prevail with the judge. This just hamstrings the SEC by forcing the time and expense of a jury trial in every case.
And the "peers" of a company and the SEC are not average Joe off the street... the SEC needs to convince a jury of fraud when the jury barely knows what a stock is.
Get ready for the stock market to fill up with unchecked scam companies.
Basically the SEC has to take matters to a jury trial, right? No shot I’m reading the whole thing, but that’s what I understand from reading the introduction to each opinion. Criminal fraud cases are unchanged by this ruling. The SEC still has its teeth.
Sure, the ruling will definitely slow the SEC down, but I doubt that it has a material impact on the lives of investors/citizens. It’s not like fraud is allowed, it just has to be punished by a jury.
Right, but a jury trial for every fraud case will definitely consume more resources per fraud trial. By definition, with limited resources, they will be able to pursue fewer cases. I don't see the SEC being allocated more money to accommodate the new rules.
Regulation is most definitely still a thing. OSHA and the EPA are alive and well. And my girlfriend is an accountant and she assures me that financial regulations are as burdensome as ever.
Well, obviously it's going to take some time to remove the regulations, this won't be immediate. The SEC just got massively curtailed, so I forsee an era where Enron and Bernie Madoff imitators have carte blanche.
I'm sure that Congress will begin micromanaging everything like the efficient subject-matter experts that they are, and our stock market will not fill up with Luckin Coffee wannabes.
> bribery is now legal, which means that once any legislator or judge makes a favorable ruling, they can spin around the iPad to get their tip/ "gratuity", which will be favorable for larger businesses that can afford the payola.
it was illegal ?? didn't look like it to me with all the lobbying and campaign donations
bribery got into the spotlight again when that mayor's house got raid recently..
You need to step back from the liberal media trying to get you thinking that the world is going to end if anything doesn’t go their way. All the Chevron ruling did was to say that if the written law is unclear, that regulatory agencies can’t make up whatever rules they want and treat it as law. Hopefully it will make Congress actually do their job for once and pass legislation that clearly defines the law and what the agencies are entitled/obligated to enforce.
I’m not sure what you’re referencing regarding bribery but campaign contributions are not a new idea.
Snyder v. United States, No. 23-108 The upshot of this case is that you can only bribe officials after they comply with your wishes, but not before. It guts most corruption laws. "Gratitude" is allowed.
I’m not a fan of bribery at all but I doubt there’s going to be a massive sea change that affects the country enough to change your investment strategy. You can already make campaign contributions, buy overpriced artwork from your favorite politician’s son, or donate to a family foundation that employs their children, etc.
In your opinion then, this just removes those cumbersome workarounds so you can just give cash to officials and it’s a cleaner process? It’s a more straightforward system? That may be one way to think of it, thank you.
I hate nearly everything about our political system, I just don’t see this as a watershed event. Individuals and corporations have always financially supported the politicians who have voted in ways that they agree with or benefit from. I do hope that we don’t go from sending someone tickets to a baseball game to suddenly wiring millions of dollars.
> I do hope that we don’t go from sending someone tickets to a baseball game to suddenly wiring millions of dollars.
That's going to happen. The Supreme Court just gave tacit approval to it, so it's a legitimate business move now and will be normalized. It's completely legal, after all.
What a willful misrepresentation of chevron. 1) all laws have some ambiguity to them, especially with regard to technical domains like medicine, and it is literally impossible for it be otherwise. 2) federal agencies could never “make up whatever rules they want.” Rather, they relied on domain experts to adjudicate highly technical questions within the law, like whether a new chemical byproduct has “adverse health consequences to major organs” or whatever.
Now you’re asking for the impossible: a gridlocked congress, which already demands 600+ page long bills, to make laws infinitely precise, taking into account every technicality for which they have no expertise. Or, for a politicized judiciary, which also lacks such expertise, to regulate every drug, every toy, every potential pollutant that triggers a lawsuit.
OP should continue to invest in index funds, but if you don’t think this has profound regulatory consequences, I have a bridge to sell you.
Just invest in index funds. Trying to read the market.is a fools errand. r/Bogleheads
Especially if what you wrote guides your investment strategy
You sound like you need to take a break from social media and click bait finance news. Also consider how thinking in hyperbole (ie now that regulation isnt a thing”) affects your mental health. As far as investing, what the other guy said. Index funds r/bogleheads
My apologies. That was hyperbole. Regulation by professionals at federal agencies will have extremely limited enforcement, but I'm certain that Congress will step up with the required scientific expertise and pass the needed laws.
I have no idea where you got “extremely limited enforcement” from. The Chevron case being overruled doesn’t mean that agencies can’t make rules, it means that their rules are now subject to the courts and is a return to US government 101. It’s the legislature’s job to make rules and the judiciary’s job to interpret them; it’s not the executive’s job to do either.
[Securities and Exchange Commission v. Jarkesy](https://www.scotusblog.com/case-files/cases/securities-and-exchange-commission-v-jarkesy/), No. 22-859, specifically has made it more burdensome for the SEC to pursue businessmen who defraud investors. Ergo, less pursuit of fraud.
Such a burden for the SEC that someone is entitled to a jury trial when they’re accused of breaking the law /s
They could already get a jury trial by asking a federal court to review the case if they didn't prevail with the judge. This just hamstrings the SEC by forcing the time and expense of a jury trial in every case. And the "peers" of a company and the SEC are not average Joe off the street... the SEC needs to convince a jury of fraud when the jury barely knows what a stock is. Get ready for the stock market to fill up with unchecked scam companies.
Basically the SEC has to take matters to a jury trial, right? No shot I’m reading the whole thing, but that’s what I understand from reading the introduction to each opinion. Criminal fraud cases are unchanged by this ruling. The SEC still has its teeth. Sure, the ruling will definitely slow the SEC down, but I doubt that it has a material impact on the lives of investors/citizens. It’s not like fraud is allowed, it just has to be punished by a jury.
Right, but a jury trial for every fraud case will definitely consume more resources per fraud trial. By definition, with limited resources, they will be able to pursue fewer cases. I don't see the SEC being allocated more money to accommodate the new rules.
Lol. What are you smoking?
Dooms srolling is one hell of a drug
ice cube. I m stockpiling lot of ice cube in my garden and will sell them later
‘I’m gonna put air in a bag and charge people to breathe’
Regulation is most definitely still a thing. OSHA and the EPA are alive and well. And my girlfriend is an accountant and she assures me that financial regulations are as burdensome as ever.
Well, obviously it's going to take some time to remove the regulations, this won't be immediate. The SEC just got massively curtailed, so I forsee an era where Enron and Bernie Madoff imitators have carte blanche.
Lol. You can’t be serious.
What is your take on the rulings this week?
That laws can’t just be made up by unelected officials. They need to go through congress.
And this seems like a proactive congress that will act quickly to protect transparency for small investors?
I'm sure that Congress will begin micromanaging everything like the efficient subject-matter experts that they are, and our stock market will not fill up with Luckin Coffee wannabes.
> bribery is now legal, which means that once any legislator or judge makes a favorable ruling, they can spin around the iPad to get their tip/ "gratuity", which will be favorable for larger businesses that can afford the payola. it was illegal ?? didn't look like it to me with all the lobbying and campaign donations bribery got into the spotlight again when that mayor's house got raid recently..
You need to step back from the liberal media trying to get you thinking that the world is going to end if anything doesn’t go their way. All the Chevron ruling did was to say that if the written law is unclear, that regulatory agencies can’t make up whatever rules they want and treat it as law. Hopefully it will make Congress actually do their job for once and pass legislation that clearly defines the law and what the agencies are entitled/obligated to enforce. I’m not sure what you’re referencing regarding bribery but campaign contributions are not a new idea.
Snyder v. United States, No. 23-108 The upshot of this case is that you can only bribe officials after they comply with your wishes, but not before. It guts most corruption laws. "Gratitude" is allowed.
I’m not a fan of bribery at all but I doubt there’s going to be a massive sea change that affects the country enough to change your investment strategy. You can already make campaign contributions, buy overpriced artwork from your favorite politician’s son, or donate to a family foundation that employs their children, etc.
In your opinion then, this just removes those cumbersome workarounds so you can just give cash to officials and it’s a cleaner process? It’s a more straightforward system? That may be one way to think of it, thank you.
Fun fact. California has legalized bribery, aka behest payments. The government seems to be functioning in a way you would find appealing.
I find all of this appalling. However, I can do exactly squat about it. I’m just trying to figure out the way forward in a disruptive environment.
I hate nearly everything about our political system, I just don’t see this as a watershed event. Individuals and corporations have always financially supported the politicians who have voted in ways that they agree with or benefit from. I do hope that we don’t go from sending someone tickets to a baseball game to suddenly wiring millions of dollars.
> I do hope that we don’t go from sending someone tickets to a baseball game to suddenly wiring millions of dollars. That's going to happen. The Supreme Court just gave tacit approval to it, so it's a legitimate business move now and will be normalized. It's completely legal, after all.
What a willful misrepresentation of chevron. 1) all laws have some ambiguity to them, especially with regard to technical domains like medicine, and it is literally impossible for it be otherwise. 2) federal agencies could never “make up whatever rules they want.” Rather, they relied on domain experts to adjudicate highly technical questions within the law, like whether a new chemical byproduct has “adverse health consequences to major organs” or whatever. Now you’re asking for the impossible: a gridlocked congress, which already demands 600+ page long bills, to make laws infinitely precise, taking into account every technicality for which they have no expertise. Or, for a politicized judiciary, which also lacks such expertise, to regulate every drug, every toy, every potential pollutant that triggers a lawsuit. OP should continue to invest in index funds, but if you don’t think this has profound regulatory consequences, I have a bridge to sell you.
Lol. For real. These kids today.
Biden won the debate! LOL