Realignment for SEC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This Chairman is extremely indecisive. The rumors of realignment is just that - rumors. The point to all this madness is to actually not do any meaningful work. There is still no GC. A judge with no securities law background as its ENF director. An acting director in Exams with no securities law background either. The morale is low. More people have been checking out.

Ok let's not malign Paul here, he is doing a lot of very important work like making Merry Christmas videos on behalf of the SEC.

https://www.youtube.com/watch?v=pFWxvAePwpY

Maybe I’m the only one here, but I appreciated his statements of appreciation and support of the staff. After so much public bashing by Elon and others, it’s nice to have a leader express something positive. Maybe my bar has been lowered too far but that was my thought after watching this.

If he supported the staff at all, he’d sign off on the minimal telework proposal that has been proposed and is awaiting his approval (or more likely, denial).

I think the likelihood of that happening is even lower now with what OPM just put out re telework.

What did OPM put out?

[Anonymous]

So who is quitting this year - not retiring but just walking out? Cannot wait. I've hated the place since the day I arrived though so no love lost. None of the quitting and being like awww I'll come back in 3 yrs that all younger employers seem to be doing.

[Anonymous]

Anonymous wrote:So who is quitting this year - not retiring but just walking out? Cannot wait. I've hated the place since the day I arrived though so no love lost. None of the quitting and being like awww I'll come back in 3 yrs that all younger employers seem to be doing.

So quit. I've never understood the people wo stay years while hating it. When I hated my job I got a new one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The people at the SEC are such whiny complainers. We could do a lot worse than Atkins. It seems clear some people are just complaining about things they don’t know anything about. Atkins cares about enforcement, so don’t know where that came from. I can’t speak for EXAMS but Judge Ryan is wicked smart and takes no crap. A lack of securities law background might be a problem for some but not her.

I agree about the telework though. We have many people just hanging on by a thread.

Wow, someone drank the kool-aid. I don't care how much sweet-talking they do and how sharp they come across, having a background in securities law, or at the very least some relevant industry experience should be a requirement for the heads of Exams and Enforcement. Would Google or OpenAI employ Chief Counsels without experience in a big tech company or someone with a mechanical engineering background for their Head of Engineering roles?

The fact that the regulator for the world's largest and most complex financial markets has people in these positions without a securities law background is a signal to industry how seriously we are taking it. Also, you can just look at the number of Enforcement cases dropped in the crypto space and judge for yourself if the SEC is taking Enforcement seriously.

Yeah, that's not the SEC. The derivatives markets are orders of magnitude larger and more complex. Nice try though.

lol well, you don’t want to know who is running the CFTC then

[Anonymous]

Anonymous wrote:

Anonymous wrote:So who is quitting this year - not retiring but just walking out? Cannot wait. I've hated the place since the day I arrived though so no love lost. None of the quitting and being like awww I'll come back in 3 yrs that all younger employers seem to be doing.

So quit. I've never understood the people wo stay years while hating it. When I hated my job I got a new one.

Spouse in DC also needed to find a job in order for us to both move to where my better job is. Now with that secured cannot wait - screw SEC, never again.

[Anonymous]

Does the SEC still have people getting paid DC salaries while working remotely in lower COL cities or did they end that?

[Anonymous]

Anonymous wrote:Does the SEC still have people getting paid DC salaries while working remotely in lower COL cities or did they end that?

SEC got asses in the office so I doubt it's a rampant problem. Def have a friend at FDA doing that making DMV money while living in Memphis while claiming residency with her DC parents.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does the SEC still have people getting paid DC salaries while working remotely in lower COL cities or did they end that?

SEC got asses in the office so I doubt it's a rampant problem. Def have a friend at FDA doing that making DMV money while living in Memphis while claiming residency with her DC parents.

Report them then. This is a waste of taxpayer dollars.

[Anonymous]

The SEC would have to become a lot more intolerable for me to quit. I won’t list the ways here, for fear of giving the admin any new ideas. It’s still tolerable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does the SEC still have people getting paid DC salaries while working remotely in lower COL cities or did they end that?

SEC got asses in the office so I doubt it's a rampant problem. Def have a friend at FDA doing that making DMV money while living in Memphis while claiming residency with her DC parents.

Report them then. This is a waste of taxpayer dollars.

Believe me I want to but "friend."

[Anonymous]

Anonymous wrote:Does the SEC still have people getting paid DC salaries while working remotely in lower COL cities or did they end that?

Very few people in the SEC were full time remote. Most came in 2 x per pay period and are thus entitled to SC locality pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does the SEC still have people getting paid DC salaries while working remotely in lower COL cities or did they end that?

Very few people in the SEC were full time remote. Most came in 2 x per pay period and are thus entitled to SC locality pay.

OA, OFM, CF had fully remote people

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does the SEC still have people getting paid DC salaries while working remotely in lower COL cities or did they end that?

Very few people in the SEC were full time remote. Most came in 2 x per pay period and are thus entitled to SC locality pay.

OA, OFM, CF had fully remote people

Right, but a small % of SEC employees. They periodically audit IP addresses so one would have a good chance of being caught doing this since the universe of people to audit is pretty small.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This Chairman is extremely indecisive. The rumors of realignment is just that - rumors. The point to all this madness is to actually not do any meaningful work. There is still no GC. A judge with no securities law background as its ENF director. An acting director in Exams with no securities law background either. The morale is low. More people have been checking out.

Ok let's not malign Paul here, he is doing a lot of very important work like making Merry Christmas videos on behalf of the SEC.

https://www.youtube.com/watch?v=pFWxvAePwpY

Maybe I’m the only one here, but I appreciated his statements of appreciation and support of the staff. After so much public bashing by Elon and others, it’s nice to have a leader express something positive. Maybe my bar has been lowered too far but that was my thought after watching this.

If he supported the staff at all, he’d sign off on the minimal telework proposal that has been proposed and is awaiting his approval (or more likely, denial).

What has been proposed and by whom? I haven’t heard anything.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This Chairman is extremely indecisive. The rumors of realignment is just that - rumors. The point to all this madness is to actually not do any meaningful work. There is still no GC. A judge with no securities law background as its ENF director. An acting director in Exams with no securities law background either. The morale is low. More people have been checking out.

Ok let's not malign Paul here, he is doing a lot of very important work like making Merry Christmas videos on behalf of the SEC.

https://www.youtube.com/watch?v=pFWxvAePwpY

Maybe I’m the only one here, but I appreciated his statements of appreciation and support of the staff. After so much public bashing by Elon and others, it’s nice to have a leader express something positive. Maybe my bar has been lowered too far but that was my thought after watching this.

The best way to show appreciation is to honor the CBA and not breach it.

There hasn’t been (at least yet) a determination that he did breach the CBA.