Patrick Toomey actually said...

I am sympathetic to the problem. Obviously, if somebody has been cheated, they ought to be made whole, but I am a little concerned that socializing this cost means spreading it among perfectly upstanding firms that have not done anything wrong to cover that which is done by bad actors.

Context

Toomey addresses concerns about the Compensation for Cheated Investors Act's funding implications.

06/27/2018

https://www.congress.gov...

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