Yep. And still, what they pay in fines is usually just the cost of doing business for them. Curt Kramer, along with his brother Seth, has used I don't know how many different companies, in different states, to do toxic financing.
And probably he's creating more as we (virtually) speak.
And there's more from the SEC about toxic lenders:
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25997 / May 7, 2024
Securities and Exchange Commission v. Joshua Sason, et al, No. 19-cv-1459 (S.D.N.Y filed Feb. 15, 2019) SEC Obtains Final Judgments Against Participants in Illegal Microcap Securities Offerings