Tuesday, January 27, 2009

SEC Investigation and Mises Institute

EPJ hears the SEC is poking around trading activities of an individual affiliated with the Mises Institute. The Institute itself is not involved.

Because of EPJ, from time to time, I talk to top lawyers that battle the SEC. Sometimes, you can kill these investgations early. (Although, I don't think this one is going to go away easy.) Sometimes, it depends upon who you hire as your lawyer. If I was in this situation, I would pick C. Evan Stewart to make it go away or if I was headed to court. If I wanted to go mano y mano against the punks at the SEC, I would use Steve Best.

If you are looking for a good revolving door man, i.e. former SEC man now in private practice, Bernie Madoff's lawyer isn't a bad choice, Ira Sorkin.

And to the person under investigation (you know who you are), good luck, and KEEP YOUR MOUTH SHUT. STOP MAKING STUPID DEFENSES TO REPORTERS THAT CALL YOU. Get it? Stop the interviews. You may be in very serious trouble, you don't need anything in the papers that the SEC can use against you---they already have enough.


  1. We see how you roll now, Wenzel. Let me guess, you call up LvMI and say, "You give me rights to Last Knight, and this all goes away."

  2. Bob,

    Actually, I have been meaning to ask you, who is publishing your new book on the Great Depression and FDR economic policies?


  3. I'll take that as a disclosure of your views on IP.

  4. I don't think there are a lot of stock traders as the Mises Institute, so I'm betting it's one of three people.

    How about some more clues?