51–55 of 55 posts
Have I missed a runaway profusion of investment scams targeting people with net worths between 1 million and 2.3 million? The perceived need for this just perplexes me.
Something must be done. This is something. Therefore, we must do this.
For the full text see http://www.google.com/search?q=%22minimum+interference+from+... A good official house editorial, it discusses the more likely worse regulatory aspects before getting into the mandated new worth threshold increase.
sob 'Mandated net worth transaction increase' Please, let's talk about the actual bill. It's at http://banking.senate.gov/public/_files/AYO09D44_xml.pdf and the relevant regulation is in Sec. 412. It says that the Securities & exchance commission should raise the threshold, using its existing authority, as the Commission determines is appropriate and in the public interest, in light of price inflation since those fig…
Also, this link for the bill is slightly more up to date than that of the banking committee, although the passages discussed above haven't changed substantively - the only difference is that section 413's 3 subparagraphs have been reconfigured as sections 413, 414, and 415: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=11...
Have I missed a runaway profusion of investment scams targeting people with net worths between 1 million and 2.3 million? The perceived need for this just perplexes me.
There actually are such scams all over the place. Couple of years ago I was in a position where I was an accredited investor (based on income) and I had to basically reveal that information on the Internet. I was an attorney in one of the large international law firms and they required you to post a professional biography online. The biography did not mention your salary, but the top lawfirms pay lockstep and publish…
Football Team A wins.
Next week call 250 of the people that you told team A would win this week, tell them football team A will win again. Call the other 250 and tell them that football team A will lose.
by the end of the season you'll have a dozen or so (i think?) people that will believe anything that you tell them
[if anyone can tell me the source of this idea (book/movie?) let me know!]
Earlier quoted context omitted.
> Please, let's talk about the actual bill. It's at http://banking.senate.gov/public/_files/AYO09D44_xml.pdf and the relevant regulation is in Sec. 412. Yes, let's do that. > It says that the Securities & exchance commission should raise the threshold, using its existing authority, as the Commission determines is appropriate and in the public interest, in light of price inflation since those figures were determined;…
There are no requirements that the increase follow inflation numbers. It only says that the SEC should increase the rates as "the Commission determines is appropriate and in the public interest, in light of price inflation." I guarantee you the SEC will not double the standards over night. They will have a long rule making session will ask for comments from the public as they are required, and will slowly increase th…
There's some discretion in the intial bump but, as I quoted, there's no discretion for subsequent and regular increases.
> It only says that the SEC should increase the rates as "the Commission determines is appropriate and in the public interest, in light of price inflation."
That's only for the initial bump.
> I guarantee you the SEC will not double the standards over night.
"Guarantee" implies that money will be changing hands if you're wrong....
Yes, they'll probably have hearings, but they've been told how they "shall" compute the new number. That's why I asked what you're "I was wrong" number is. I'm asking again.
Earlier quoted context omitted.
There are no requirements that the increase follow inflation numbers. It only says that the SEC should increase the rates as "the Commission determines is appropriate and in the public interest, in light of price inflation." I guarantee you the SEC will not double the standards over night. They will have a long rule making session will ask for comments from the public as they are required, and will slowly increase th…
> There are no requirements that the increase follow inflation numbers. There's some discretion in the intial bump but, as I quoted, there's no discretion for subsequent and regular increases. > It only says that the SEC should increase the rates as "the Commission determines is appropriate and in the public interest, in light of price inflation." That's only for the initial bump. > I guarantee you the SEC will not d…
I apologize, I thought that was a rhetorical question. I'll be surprised if it goes over $1.25m.