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There are no requirements that the increase follow inflation numbers. It only says that the SEC should increase the rates as "the Commission determines is appro
by hristov 17y ago
There are no requirements that the increase follow inflation numbers. It only says that the SEC should increase the rates as "the Commission determines is appropriate and in the public interest, in light of price inflation." I guarantee you the SEC will not double the standards over night. They will have a long rule making session will ask for comments from the public as they are required, and will slowly increase the standards while studying the effects.
So yes every article that says "The Dodd bill also raises the net worth and income thresholds to $2.3 million and $450,000, respectively" like this WSJ article is dead wrong. The Dodd bill does no such thing.
- anamax 17y ago> There are no requirements that the increase follow inflation numbers. There's some discretion in the intial bump but, as I quoted, there's no discretion for subsequent and regular increases. > It only says that the SEC should increase the rates as "the Commission determines is appropriate and in the public interest, in light of price inflation." That's only for the initial bump. > I guarantee you the SEC will not double the standards over night. "Guarantee" implies that money will be changing hands if you're wrong.... Yes, they'll probably have hearings, but they've been told how they "shall" compute the new number. That's why I asked what you're "I was wrong" number is. I'm asking again.
- anigbrowl 17y agoI'm asking again. I apologize, I thought that was a rhetorical question. I'll be surprised if it goes over $1.25m.