Last updated: May. 31, 13:14 | Page 1 of 10 |
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Shrinking the SEC’s footprint and slashing its head count won’t save taxpayers a dime. The agency’s annual budget of about $2.1 billion doesn’t contribute to the federal deficit, because the Commission effectively pays for itself through industry fees.
By Martin Kimel, an attorney who recently retired from the Securities and Exchange Commission. He is the co-author of The Pessimist’s Son: A Holocaust Memoir of Hope.
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Last updated: May. 31, 13:14 | Page 1 of 10 |