Quote:
Originally Posted by roachboy
the bottom line is that the sec is entirely in bed with the industries they are supposed to regulate
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Quite common for this to happen. No one has a greater interest in influencing the regulators than the groups being regulated. As you probably know, for big players regulation is often a way of getting govt protection.
My friends who used to work at the SEC, in various capacities, now use that experience to make a living.