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Reply to "SEC SK-17 — why would anyone be one?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If average Americans knew the pay and work life of SEC attorneys, they would be infuriated.[/quote] Good thing average Americans aren’t paying their salaries, then, isn’t it?[/quote] Of course they are. The SEC relies on appropriations from Congress for its budget.[/quote] no, they aren't. the SEC is FUNDED by transaction fees. They just rely on Congress passing a budget and thus letting them know how much of the money they bring in they are allowed to use.[/quote] Yeah, and those Transaction Fees just grow on trees. They’re not passed on to customers or anything. I love free lunches. [/quote] jesus you really have reading comprehension problems. the customers those fees are passed on to are not AVERAGE americans. The bottom 50% of American adults hold only 0.6% of stocks. The top 1% hold 53% of stocks. The richest 10 percent of households controlled 84 percent of the total value of stocks.[/quote]
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