Monday, June 12, 2023 10:13:42 AM
Don't underestimate Kay's intelligence, you don't get into the C-suite at Morgan if you're a dummy. The thing to understand is that Morgan was and is a universe devoid of ethics and that's where Kay's from. Sure, if he gets caught..... but that's unlikely, the SEC is overwhelmed with complaints about dishonest management of penny stock companies. And the IRS enforcement capabilities have been gutted.
Even so, I expect he expects he would just get fined, just like in the old days:
https://www.southflalaw.com/jp-morgan-chase-settles-with-justice-department-for-13-billion.html
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