“Luke, I am your father.” (Or not.) Collective False Memory and SEC and FINRA Enforcement Issues from November and December 2020

Often, there are quotes, spellings, symbols, events, or experiences that many of us “know” occurred, but which did not actually happen. This phenomenon is known as the “Mandela Effect,” or “collective false memory.”

One example of such a false memory is the iconic quote, “Luke, I am your father,” which Darth Vader proclaimed to his son, Luke Skywalker, in the 1980 classic film “Star Wars: Episode V—The Empire Strikes Back.” Many of us remember that quote.  However, that line was never uttered. The correct quote is, “No. I am your father.”

In this article for NSCP Currents, Eversheds Sutherland attorneys Brian Rubin, Adam Pollet and Sarah Sallis explore this phenomenon and see how it fits with enforcement matters. Can firms really be sued for using the word “may”?  Can’t firms produce to regulators by simply pushing a button?  Have you eaten Stouffers Stove Top Stuffing or Jiffy Peanut Butter?  For additional insight into these issues and more, click on the below link.  (If you dare.)