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I had read it before as authorization, but you're right that it does command the SEC to raise the numbers at least every 5 years starting now, but it leaves the

by blasdel 17y ago

I had read it before as authorization, but you're right that it does command the SEC to raise the numbers at least every 5 years starting now, but it leaves the increases completely up to the SEC. The "2.3m" figure is bullshit, the maximum that the SEC could possibly justify.

anamax 17y ago
> it leaves the increases completely up to the SEC. Not at all - it specifies the factor to be used. They seem to have some leeway in the initial bump, but since they've been given their marching orders, it's absurd to think that they'll deviate much. Note that there will be no legal basis for arguing for such a deviation. > The "2.3m" figure is bullshit, the maximum that the SEC could possibly justify. Suppose that they go with $2M instead of $2.3M. Will you regard that "yeah, I was correct, you folks were crying wolf"? I'm serious - what's your "I was wrong" number?