Curt Kramer's defense to the SEC charges is damn lame. And won't get him anywhere.
He says he is innocent because he has been issuing toxic paper for over a decade and the SEC never charged him before now, so that somehow equates to approval and legality.
Uh huh.
No mention, of course, that the SEC is currently batting 1.000 in all their cases against other toxic dealers under the exact same violations. And that isn't just the ones who have settled the cases. The ones that have fought the charges in court have all lost, as the Courts have sided entirely with the SEC. I doubt this will end any differently.
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