Saturday, January 5, 2013

David Sokol, ex-Buffett aide, gets a free pass from the SEC

That's the hard charging Securities and Exchange Commission (SEC). Not, the football conference.


David Sokol, who resigned in disgrace from Berkshire Hathaway in 2011, gets a completely free pass from the SEC.

Does it pay to know the right people, or what?





The Wall Street Journal said: "A spokesman for the SEC declined to comment."

Makes perfect sense.

Who is David Sokol and why should we care?

He's the guy the allegedly got a free pass for front running Berkshire shares (see article).

How did the alleged conversation possibly go down with Warren Buffett? See here.