When compared to the "tried and true" - blue chip stocks, mutual funds, index funds, and bonds - cryptocurrencies are a bit of a gray area. Investing in cryptocurrency appeared even grayer on October 22 when the Securities and Exchange Commission (SEC) suspended trading for a public company that boasted of a fraudulent approval for their cryptocurrency business.
Many lessons cover what to do but some of the most valuable lessons to learn cover what not to do. Elon Musk - CEO and founder of companies such as Tesla and SpaceX - recently provided one of those lessons by allowing his flair for self-promotion to get him in hot water with the Securities and Exchange Commission (SEC).
If a major event occurs - with significant social, economic, and political repercussions - but the response is wiped out, has anything truly changed? That's an important question to consider a decade after the 2008 financial crisis rocked our nation's institutions to the core.
The assumption that white collar criminal convictions do not result in severe punishment is unfortunately deeply embedded in our national conscience. This is humorously demonstrated in the 1999 film Office Space, where the characters describe the possibility of winding up in a "white collar minimum security resort".