The Divide: American Injustice in the Age of the Wealth Gap Highlight

In criminal law, it covers a mobster who orders a hit but doesn’t pull the trigger himself. In civil law, RICO is a perfectly appropriate net for use in catching a stock manipulator who hires a thug to depress a company’s share price artificially. The problem, however, is the one that confronts financial regulators everywhere. Since modern finance is an almost completely global enterprise, the major players can make a habit of regulator shopping. A large number of financial companies base their trading operations in London, for instance, because the regulatory framework there for certain kinds of trades (particularly derivative trades) is even weaker than in the United States. Other companies place subsidiaries in tax havens or other foreign locales and park profits there.