I can't understand why the SEC hasn't filed charges against Bain Capital and Mitt Romney for fraud ---- Mitt says, on the record, multiple times, he had no say in the running of Bain Capital after 1999, but the SEC filings he signed say he was CEO and President thru 2002 or 2003. At the very least this major discrepancy (of disclosures) should initiate an SEC investigation if not a congressional inquiry. ... of course the latter is moot because the GOP controls the House.
If the SEC filings don't also disclose that Romney as signature CEO and President was in fact not in charge of the company then either the SEC filings are false and intentionally so as to who was in charge of the company (which is a fraud), or Mitt himself is guilty of fraud by signing the SEC documents as CEO and President when he claims (now) that he wasn't in charge. If the CEO and / or President of the company wasn't in charge then somebody else was.... and by signing as the CEO and President, he is saying explicitly that he's responsible for running the company.
He could say he delegated much or even all of his duties as CEO and President to subordinates, but then this should have been disclosed in the filings he signed as CEO and President. If he had delegated all his duties as CEO and President and it wasn't so disclosed, then he's still guilty of fraud.
In either event he's lied outright, in legal documents or directly to the public, one way or another. So why hasn't the SEC initiated an investigation or filed charges against Bain Capital and Mitt Romney?