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It wouldn't surprise me if the SEC was a bastion of mediocrity and noncompliance. Those that would like a stronger SEC are quick to point out how severally und
by jhancock 18y ago
It wouldn't surprise me if the SEC was a bastion of mediocrity and noncompliance. Those that would like a stronger SEC are quick to point out how severally underfunded and small it is for its supposed role.
It is an age old politic trick to speak loudly and "underfund".
- DocSavage 18y agoIt's sad that the SEC is underfunded given all the fees it collects from issuers of securities and market participants. I'm not sure about the current year, but in the past, the fees collected by the SEC were greater than its budget by over a hundred million.