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> how often the term 'oversight' is used vs 'regulation' when these guys are talking. Is that how we're determining efficacy now...? Semantics? I take it that
by totalZero 6y ago
> how often the term 'oversight' is used vs 'regulation' when these guys are talking.
Is that how we're determining efficacy now...? Semantics?
I take it that you like FINRA because of the R in the name.
- alangibson 6y agoWhat? My point is that they see themselves as mall cops observing and reporting, not actively regulating behavior. That makes a pretty big difference in efficacy.
- totalZero 6y agoWhat you said was that they often use the word "observe" rather than "regulate," and that this is somehow reflective of the way they do their jobs. That's a purely semantic viewpoint and a ridiculous way to judge the efficacy of any regulator. In actual fact, they use the term "enforcement action." Here's their report from 2020. See for yourself: https://www.sec.gov/files/enforcement-annual-report-2020.pdf https://www.sec.gov/files/enforcement-annual-report-2020.pdf