Let’s face it: We are not real lawyers unless we use some legal jargon, right? So, here you go:
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Also, when we write about prosecutions or charges by the SEC, we generally base them on press releases by the government and the actual complaint or indictment that was filed. The purpose of the posts is to describe what the government says happened not what actually happened. Unless we are reporting on a guilty plea or a trial where the defendant lost, the description of the facts should not be taken as true but only what the government believes it can prove.
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