Anyone get telework approved at SEC?

[Anonymous]

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Anonymous wrote:I am the most risk averse person I know, I will totally screw over my retirement if I leave before 2027 and my job prospects are about as good as you can expect for a 54 hyper specialized worker at the same employer for umpteen years.

Even I am starting to think it’s better to sell my house, uproot my kids and find some podunk town where we can subsist on savings and food stamps than stay in this job. And if I’m thinking like this, I can’t imagine there’s another single person at the SEC who isn’t seriously contemplating chucking it all in, too.

It sounds like you’d qualify for VERA. Why does the extra year and a half make that much of a difference for retirement?

Umpteen years isn’t 20. And while they may offer another VERA soon I think that might be end of it.

I am with you poster — we are starting to map out various alternative scenarios. Maybe not as drastic as moving but definitely involve leaving when that was never the plan.

All my money is locked up in home equity and retirement plans and 529s. If I’m going to have to cut short what had formerly looked like a solid twenty year career and take a 50% bath on my pension, I’d be a fool to not leverage the biggest pot of tax free cash I have by selling up and moving somewhere with more reasonable housing costs. Sink it all into being mortgage free, reduce expenses to stay in the lowest tax brackets, minimize what I need to take out of TSP so it can keep growing, avoid the early pension penalty as long as I can- I just may be able to eke things out if even if I can’t find equivalent employment. It’ll be bloody near thing, tho.

Hang tight. The morons who run the place are already talking about hiring. They will realize the only people applying are formerly displaced Feds. It was a tough enough sell to tell industry folks to come on board with our strict trading rules. But now it is near impossible because they’d have to divest their crypto. And, of course, the administration is honest about trying to torture us. Union has a good chance of winning in arbitration. Agency will appeal but all our misery will then come out as anger at current management. Eventually we will get pre covid telework back.

Who in their right mind would apply for a job there?

Tons of people. Every other fired Fed would be thrilled with a big raise. Forget fired Fed, employed feds would also be happy with the raise. You will still have people looking to leave Biglaw, either for good or as a stepping stone.

If they choose to hire (which they aren’t with very limited exceptions), they won’t have any trouble.

All people who don’t have specialized knowledge. And no one is leaving big law voluntarily to be on probation as a fed.

Fun fact lots and lots of people leave biglaw yearly. No it isn't voluntary. It's a function of up and out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am the most risk averse person I know, I will totally screw over my retirement if I leave before 2027 and my job prospects are about as good as you can expect for a 54 hyper specialized worker at the same employer for umpteen years.

Even I am starting to think it’s better to sell my house, uproot my kids and find some podunk town where we can subsist on savings and food stamps than stay in this job. And if I’m thinking like this, I can’t imagine there’s another single person at the SEC who isn’t seriously contemplating chucking it all in, too.

It sounds like you’d qualify for VERA. Why does the extra year and a half make that much of a difference for retirement?

Umpteen years isn’t 20. And while they may offer another VERA soon I think that might be end of it.

I am with you poster — we are starting to map out various alternative scenarios. Maybe not as drastic as moving but definitely involve leaving when that was never the plan.

All my money is locked up in home equity and retirement plans and 529s. If I’m going to have to cut short what had formerly looked like a solid twenty year career and take a 50% bath on my pension, I’d be a fool to not leverage the biggest pot of tax free cash I have by selling up and moving somewhere with more reasonable housing costs. Sink it all into being mortgage free, reduce expenses to stay in the lowest tax brackets, minimize what I need to take out of TSP so it can keep growing, avoid the early pension penalty as long as I can- I just may be able to eke things out if even if I can’t find equivalent employment. It’ll be bloody near thing, tho.

Hang tight. The morons who run the place are already talking about hiring. They will realize the only people applying are formerly displaced Feds. It was a tough enough sell to tell industry folks to come on board with our strict trading rules. But now it is near impossible because they’d have to divest their crypto. And, of course, the administration is honest about trying to torture us. Union has a good chance of winning in arbitration. Agency will appeal but all our misery will then come out as anger at current management. Eventually we will get pre covid telework back.

Who in their right mind would apply for a job there?

Tons of people. Every other fired Fed would be thrilled with a big raise. Forget fired Fed, employed feds would also be happy with the raise. You will still have people looking to leave Biglaw, either for good or as a stepping stone.

If they choose to hire (which they aren’t with very limited exceptions), they won’t have any trouble.

All people who don’t have specialized knowledge. And no one is leaving big law voluntarily to be on probation as a fed.

For something like TM or IM it’s harder, but plenty of folks from DOJ or Biglaw litigators could do ENF with a little training.

[Anonymous]

You don't need any training whatsoever to do the job of an SEC attorney. It's drafting documents based on precedent and reviewing documents. And when you take testimony, you're in total control and say whatever you want and you can think and ask questions at your own pace.

There is no job security in biglaw. 50% leave or are fired by Year 3 and 80% leave or are fired by Year 5.

https://news.bloomberglaw.com/business-and-practice/lawyers-hired-in-work-from-home-era-are-bolting-from-firms

I'm not sure how you'd botch the probationary period as the SEC attorney. It's impossible.

Federal Programs or Immigration Litgation is another story.

[Anonymous]

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am the most risk averse person I know, I will totally screw over my retirement if I leave before 2027 and my job prospects are about as good as you can expect for a 54 hyper specialized worker at the same employer for umpteen years.

Even I am starting to think it’s better to sell my house, uproot my kids and find some podunk town where we can subsist on savings and food stamps than stay in this job. And if I’m thinking like this, I can’t imagine there’s another single person at the SEC who isn’t seriously contemplating chucking it all in, too.

It sounds like you’d qualify for VERA. Why does the extra year and a half make that much of a difference for retirement?

Umpteen years isn’t 20. And while they may offer another VERA soon I think that might be end of it.

I am with you poster — we are starting to map out various alternative scenarios. Maybe not as drastic as moving but definitely involve leaving when that was never the plan.

All my money is locked up in home equity and retirement plans and 529s. If I’m going to have to cut short what had formerly looked like a solid twenty year career and take a 50% bath on my pension, I’d be a fool to not leverage the biggest pot of tax free cash I have by selling up and moving somewhere with more reasonable housing costs. Sink it all into being mortgage free, reduce expenses to stay in the lowest tax brackets, minimize what I need to take out of TSP so it can keep growing, avoid the early pension penalty as long as I can- I just may be able to eke things out if even if I can’t find equivalent employment. It’ll be bloody near thing, tho.

Hang tight. The morons who run the place are already talking about hiring. They will realize the only people applying are formerly displaced Feds. It was a tough enough sell to tell industry folks to come on board with our strict trading rules. But now it is near impossible because they’d have to divest their crypto. And, of course, the administration is honest about trying to torture us. Union has a good chance of winning in arbitration. Agency will appeal but all our misery will then come out as anger at current management. Eventually we will get pre covid telework back.

Who in their right mind would apply for a job there?

Tons of people. Every other fired Fed would be thrilled with a big raise. Forget fired Fed, employed feds would also be happy with the raise. You will still have people looking to leave Biglaw, either for good or as a stepping stone.

If they choose to hire (which they aren’t with very limited exceptions), they won’t have any trouble.

All people who don’t have specialized knowledge. And no one is leaving big law voluntarily to be on probation as a fed.

For something like TM or IM it’s harder, but plenty of folks from DOJ or Biglaw litigators could do ENF with a little training.

Except do you think PA wants to hire litigators or people with expertise in trading and complex products? Answer: the latter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am the most risk averse person I know, I will totally screw over my retirement if I leave before 2027 and my job prospects are about as good as you can expect for a 54 hyper specialized worker at the same employer for umpteen years.

Even I am starting to think it’s better to sell my house, uproot my kids and find some podunk town where we can subsist on savings and food stamps than stay in this job. And if I’m thinking like this, I can’t imagine there’s another single person at the SEC who isn’t seriously contemplating chucking it all in, too.

It sounds like you’d qualify for VERA. Why does the extra year and a half make that much of a difference for retirement?

Umpteen years isn’t 20. And while they may offer another VERA soon I think that might be end of it.

I am with you poster — we are starting to map out various alternative scenarios. Maybe not as drastic as moving but definitely involve leaving when that was never the plan.

All my money is locked up in home equity and retirement plans and 529s. If I’m going to have to cut short what had formerly looked like a solid twenty year career and take a 50% bath on my pension, I’d be a fool to not leverage the biggest pot of tax free cash I have by selling up and moving somewhere with more reasonable housing costs. Sink it all into being mortgage free, reduce expenses to stay in the lowest tax brackets, minimize what I need to take out of TSP so it can keep growing, avoid the early pension penalty as long as I can- I just may be able to eke things out if even if I can’t find equivalent employment. It’ll be bloody near thing, tho.

Hang tight. The morons who run the place are already talking about hiring. They will realize the only people applying are formerly displaced Feds. It was a tough enough sell to tell industry folks to come on board with our strict trading rules. But now it is near impossible because they’d have to divest their crypto. And, of course, the administration is honest about trying to torture us. Union has a good chance of winning in arbitration. Agency will appeal but all our misery will then come out as anger at current management. Eventually we will get pre covid telework back.

Who in their right mind would apply for a job there?

Tons of people. Every other fired Fed would be thrilled with a big raise. Forget fired Fed, employed feds would also be happy with the raise. You will still have people looking to leave Biglaw, either for good or as a stepping stone.

If they choose to hire (which they aren’t with very limited exceptions), they won’t have any trouble.

All people who don’t have specialized knowledge. And no one is leaving big law voluntarily to be on probation as a fed.

For something like TM or IM it’s harder, but plenty of folks from DOJ or Biglaw litigators could do ENF with a little training.

Except do you think PA wants to hire litigators or people with expertise in trading and complex products? Answer: the latter.

It depends to a significant degree on who’s left. In my group we have a particular need, which won’t be hard to find from the outside, because all of those people left in the last month.

[Anonymous]

Yes, many biglaw washouts might want to work there, bc they’re desperate. But most high quality professionals with options would never subject themselves to the disrespect and abuse (5 bullets, zero transparency, constant worrying of losing job for no reason, ignoring legal agreements like the CBA, zero flexibility, treated like a 8 yo, etc etc).

[Anonymous]

Anonymous wrote:Yes, many biglaw washouts might want to work there, bc they’re desperate. But most high quality professionals with options would never subject themselves to the disrespect and abuse (5 bullets, zero transparency, constant worrying of losing job for no reason, ignoring legal agreements like the CBA, zero flexibility, treated like a 8 yo, etc etc).

You are delusional. Plenty of “quality professions” have no interest in Biglaw once loans are paid off and/or you have some money in the bank. The SEC still represents one of the better paying options with decent quality of life (and, yes, we still have that, although it isn’t nearly as good as it was.). And most people know this current situation won’t last forever (although it may still be a while) and there will come a point where reasonable telework will be allowed again. Folks who aren’t short sighted would realize this is a good opportunity to get into.

[Anonymous]

I am always thrilled to post hiring news as I love welcoming new people to eToro, but this one is EXTRA special! Come be the next US Senior Counsel for eToro and lead, build, and grow the US Legal function and support a new public company. The work is critical, the people are dynamite, and the opportunities are huge. https://lnkd.in/ej2i296b

Good job laid off SEC person!

[Anonymous]

Anyone hearing any "guidelines" regarding how much ad hoc telework is ok? I'm starting to hear 1 day a month. Obviously not official but I imagine the time approvers feel that approving 1 day a month for each person won't get them in trouble.

[Anonymous]

Anonymous wrote:Anyone hearing any "guidelines" regarding how much ad hoc telework is ok? I'm starting to hear 1 day a month. Obviously not official but I imagine the time approvers feel that approving 1 day a month for each person won't get them in trouble.

There isn’t any and there will not be. Ask your supervisor or people in you’re group if you feel comfortable. Otherwise, request what you feel comfortable with until you get rejected. Lots of people have figured it out that way.

[Anonymous]

Anyone want to share what # people have figured out is ok?

In my group it stands at 1x per month. To me that seems low compared to other groups in the building.

[Anonymous]

One time a month, occasionally twice a month, seems to be what we are thinking in my group.

[Anonymous]

Anonymous wrote:I am always thrilled to post hiring news as I love welcoming new people to eToro, but this one is EXTRA special! Come be the next US Senior Counsel for eToro and lead, build, and grow the US Legal function and support a new public company. The work is critical, the people are dynamite, and the opportunities are huge. https://lnkd.in/ej2i296b

Good job laid off SEC person!

Why do trading platforms choose such dumb names?

[Anonymous]

Any word on whether they’re actually checking badge entries/exits or was that just fear lingering? Any friends of friends in HR or anyplace that can verify?

[Anonymous]

I’ve never seen so many scared little kittens in my life. Amazing.