THE DISTORTING INCENTIVES FACING THE U.S. SECURITIES AND EXCHANGE COMMISSION

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					THE DISTORTING INCENTIVES FACING THE U.S. SECURITIES AND EXCHANGE COMMISSIO
Jonathan R Macey
Harvard Journal
				
DOCUMENT INFO
Description: [...] the SEC tends to pursue high profile matters, to change its priorities frequently in accordance with public opinion, and perhaps most significantly, to pursue readily observable objectives, often at the expense of more important but less observable objectives. [...] by no means least of all, there is little corruption at the SEC Although potential future employers of top SEC personnel appear to have considerable clout, few SEC employees have been seriously accused of generating bad public policies or enforcement decisions for corrupt motives.6 The lawyers and other professionals want to be successful and have rewarding careers.
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