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Stocks (aka securities) and other products also suffer from Ponzi schemes though. Hence the bureaucracy of the SEC and other governments tasked with regulating
by chewbacha 5y ago
Stocks (aka securities) and other products also suffer from Ponzi schemes though. Hence the bureaucracy of the SEC and other governments tasked with regulating and policing the industry.
- woodruffw 5y agoThe SEC could be called many things, but “massive” isn’t one of them. They have fewer than 5,000 employees, which makes them microscopic on the federal government’s scale and virtually nonexistent proportional to the size of market they’re tasked with regulating.
- chewbacha 5y agoThanks for that. I had thought they were bigger based on their impact but compared to the FDA (14k) and USDA (100k) they are much smaller by head count. I’ve edited that adjective out of the original post. I’m disheartened by how small the FTC and SEC actually are upon review.