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Reply to "Will SEC escape RIFs due to large number of exits? "
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[quote=Anonymous][quote=Anonymous]PP here from the different FIRREA: We were also told by our leadership that the SEC has now clamped down on the "independent" agency aspect, sort of like the Fed. Maybe they saw the success that the Fed was/is having, so they've decided to take this approach. I don't know because I am not in the SEC FO, but those would be the people to ask. I couldn't answer why it's not coming down. I liaise with someone from the SEC quite a bit, and this person did hear that there is an alternative plan to RIF. People may not like it, as it involves a forced reduction in pay, but people would still be employed. Stay tuned, I guess. [/quote] Wait what the SEC isn't RIF-ing but now is saying "we're an independent agency, we'll do what we want like the Fed, so we'll reduce pay?" Uh those things don't coincide with each other. We'll do what we want doesn't seem to scream PAY CUTS.[/quote]
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