SEC’s Job
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It is ironic that the Securities and Exchange Commission was able to fine Ivan F. Boesky a whopping $100 million even though they are only allowed $117 million for an entire year’s budget.
Look what a job they could do if Congress would pass a law channeling such fines to the SEC to their enforcement arm to stop the murky and dangerous world of takeovers and junk bonds.
HARMON FELLOWS Joshua Tree
Inside the business of entertainment
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