Often, there are quotes, spellings, symbols, events, or experiences that many of us \u201cknow\u201d occurred, but which did not actually happen. This phenomenon is known as the \u201cMandela Effect,\u201d or \u201ccollective false memory.\u201d Its name derives from the false recollection of many people that Nelson Mandela died in the 1980s in prison when, in fact, he lived until 2013.\u00a0 \u00a0One example of such a false memory is the iconic quote, \u201cLuke, I am your father,\u201d which Darth Vader proclaimed to his son, Luke Skywalker, in the 1980 classic film \u201cStar Wars: Episode V\u2014The Empire Strikes Back.\u201d\u00a0 However, that line was never uttered. The correct quote is, \u201cNo. I am your father.\u201d<\/p>\n
To be clear, we don\u2019t think the securities regulators have false collective memories\u2014other than, possibly, believing this line: \u201cIt\u2019s easy for you to produce that information to us. You can just push a button.\u201d And we don\u2019t think the securities industry has such false memories either\u2014other than possibly believing that the SEC sanctioned firms for using the word \u201cmay.\u201d (Wait. That really did happen. ) Nonetheless, we thought it would be fun to explore this phenomenon and see how it fits with enforcement matters. After all, it\u2019s important to examine ourselves and our surroundings to better understand what happened and why.<\/p>\n
Read More Here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Often, there are quotes, spellings, symbols, events, or experiences that many of us \u201cknow\u201d occurred, but which did not actually happen. This phenomenon is known as the \u201cMandela Effect,\u201d or \u201ccollective false memory.\u201d Its name derives from the false recollection of many people that Nelson Mandela died in the 1980s in prison when, in fact, … Continue reading \u201cLuke, I am your father.\u201d (Or not.) Collective False Memory and SEC and FINRA Enforcement Issues from November and December 2020<\/span>