Hello everyone, this is Chris Markowski, president
of Markowski Investments and host of the Watchdog
on Wall Street Radio Show. Here to talk to
you about The Securities and Exchange Commission.
What is it? Well, The Securities and Exchange
Commission, is my all mighty overlord. Yep,
they're in charge of me, they regulate me,
they can show up at my office, they could
show up at my house, and they could bring
a microscope and go into certain bodily orifices
that we don't like to talk about. You know,
unfortunately, The Securities and Exchange
Commission, ah, they've, they've been a bit
of a bum rap over the past year. They don't
have a very big of a budget. And they're also
so very limited in regards to what they can
do, because of politics. Kind of like being
the, kind of being, like being like, I guess,
the boring guy, or the jerk at the party that
wants to take the keg away, when the party's
getting nuts. We're getting a lot of criticism
right now, saying, why didn't you, why didn't
you put a stop to all these financial shenanigans
that happened to Wall Street. And all this
leverage. Well, it's not so simple. They can't
just go ahead and wave their magic wand and
do that. It's a, a committee of people, it's
just a split with Democrats and Republicans
on the board. And you know what, there's a
lot of politics involved. And the amount of
money that flows from Wall Street to Washington
D.C., definitely makes it a political organization.
But, they put us independent financial advisers
through the wringer, and you know what, rightfully
so. As long as they're keeping an eye on us,
and making sure that we're "kee", that the
financial advisers are on the up and up, it's
a good thing. Being an investment adviser,
I am under the guise of The Securities and
Exchange Commission. If I was a stock broker,
I'd be under the guise of another group called,
"Finrum". This is Chris Markowski, your Watchdog,
on Wall Street.
