My Opinions on Criminal Charges Against BP Plc, Transocean Ltd and Halliburton Co

Securities and Exchange Commission, Justice Department and several other Federal Agencies announced that they are launching criminal probe and market probe relating to the recent Oil Spill in the Gulf which includes BP Plc, Transocean Ltd and Halliburton Co.

Personally, I am not much of a fan of these parties but when it comes to the market, I am always interested because they have such a big market and offers great opportunities to investors. Recently, I told David Neubert to add Halliburton Co. to his Summer Investor TD Ameritrade account. But today, after the news got out, Halliburton dropped as much as 2%. With much uncertainty, We decided to drop $HAL from David Neubert's Summer Investor Portfolio.

In my opinion, even though they were responsible for the Oil Spill in the Gulf and the death of 11 oil rig workers, I have such a low faith for this investigation because for these giant corporations it will just be a slap in the wrist. If there was a same scenario in the Peoples Republic of China, I am sure that the Chinese government will probably order the executions of who ever that was responsible. Why can't our government punish these companies to teach them a lesson. Not that I am recommending their executions. But I feel that in a Capitalist country, many giant corporate are let go by paying small amounts of fine. For example, Goldman Sach was fined to $550 million for creating wreck on the housing market. For Goldman Sach, they make more than $500 million in two weeks. It is never fair.

I can't express how much I am disappointed with SEC and other federal agencies. One concern I have is, When will they be brought up to justice? This will take at least few years to hear any result on the case.

Anyways these are my personal opinions about the recent SEC and other Federal Agency's Criminal Probe against BP Plc, Transocean LTD and Halliburton CO.

-Sugarsuren Byambasuren

Disclaimer: I do NOT own any of the stocks mentioned in the article. All are my personal opinions and should not be taken as any investing idea.