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To: engineer who wrote (115056)	3/4/2002 1:52:18 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 152472

look at the budget allocation trends. they are severely underfunded. their budget needs to be tripled if they are to help prevent more Enrons.

To: engineer who wrote (115056)	3/4/2002 2:35:45 PM
From: rkral	Respond to of 152472

SEC already takes a fee on every transaction you do. for a $50k trade , it is $5 Are you sure? The SEC says: "On January 16, 2002, President Bush signed into law the "Investor and Capital Markets Fee Relief Act," which substantially reduces Section 31 fees. According to the new law, the securities transaction fee rate under Section 31 is now $15 per $1,000,000. This new rate is retroactively effective to December 28, 2001. In addition, under the new law, as of December 28, 2001, Section 31 fees apply to sales of options on securities indexes only if the underlying securities index is a narrow-based securities index." sec.gov A check of my brokerage statements confirms the rate, and reveals that the SEC fee is only charged on the sell transactions (of a long position). The rate before Dec 28, 2001 was $33.33 per $1,000,000. If your broker is charging you $100 per $1,000,000, and then on both the buy and sell transactions, you really need another broker. Ron P.S. The SEC is presumably short of staff .. and the SEC fee is cut? I do not understand.

To: engineer who wrote (115056)	3/4/2002 8:54:09 PM
From: JGoren	Respond to of 152472

first of all, the SEC doesn't get any fees charged either for registration statements or sales in the market place; the money goes into the general treasury. the SEC budget is determined by Congress. second, the SEC is terribly underfunded; so underfunded that in one regional office they can't send out discovery documents to a copying firm, because they don't have any budget for copying. third, rather than increasing the SEC budget Congress cut it. I remember the Cramer quote on CNBC today. couldn't believe it when I heard it.