MuddyWatersResearch(@muddywatersre):🚀 The asymmetry of running a stock scam (potential return / risk of enforcement) has never been better: The aggregate cap of the U.S. market increased ~150% from 12/31/10 - 12/31/24 (in real dollars) During this time, the SEC Enforcement budget grew ~11% (real) Enforcement staff grew by ~20% (Data sourced through Gemini)

MuddyWatersResearch

@muddywatersre

Part official account of Muddy Waters, LLC & affiliate Muddy Waters Capital LLC; part personal account of the CEO and Founder of MW.

Joined July 2010

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MuddyWatersResearch@muddywatersre

2026.09.24 11:18

🚀 The asymmetry of running a stock scam (potential return / risk of enforcement) has never been better: The aggregate cap of the U.S. market increased ~150% from 12/31/10 - 12/31/24 (in real dollars) During this time, the SEC Enforcement budget grew ~11% (real) Enforcement staff grew by ~20% (Data sourced through Gemini)