New Position at the SEC, Chief Operating Officer

3 06 2009

So, as part of the reforms of the Securities and Exchange Commisssion, a new position has been created, Cheif Operating Officer. It appears that the federal securities oversight commission is starting to take on the appearance of a corporation. They are also planning to add an additional 1,100 new hires to their 3,500 employees, according to Reuters. Surrounding all of this are rumors of stripping the SEC of certain powers, creating other agencies to oversee credit cards, even merging the SEC with the CFTC. Beware of interesting times.

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