Operation Broken Gate has been in action for over a year now. I have very very high hopes that it would put a serious dent in stock fraud. But so far I have been seriously disappointed. I hope the reason for the slow number of regulatory actions has been due to the complexity of the cases and that we will begin to see the fruits of all the effort in the coming months. But if the relatively weak penalty for Berman is any indication, I won't get my hopes up.
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