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 Is The Securities and Exchange Commission trying to regulate price control? It appears that they are as they develop more rules and regulations on how the securities industries may charge their customers and the type of disclosures that must be made. Is it really the SEC's job to regulate prices? What happened to free markets and why should the government intervene in something they clearly do not understand?
Although the rules and regulations have changed at an alarming rate in the last four years since Sarbanes-Oxley they can't keep up with all the new changes that the industry is making in the marketplace nor should they try. When they make one rule all they have really done is given them selves job security to keep making rules upon the rules that they have already made.
We need de-regulation of the securities industry because the overregulation, which is destroying our markets. It is inciting too many lawsuits and now there are too many lawyers in the boardrooms and accountants that are making the decisions rather than the decision-makers and executives of the companies.
If public companies are beholden to the shareholders and of course their customers and the labor and the regulations and the accountants and the lawyers then everything they do is a giant compromise and therefore this is why they cannot compete in world markets. The decisions made do not serve anyone since they attempt to serve everyone to no avail.
Most of these issues such as outsourcing, off-shoring, corporate malfeasance and the stock market drop have been caused by government regulators and these are government regulators who have never had to make a payroll in their entire lives. In fact they are borderline socialists and they have no business running a capitalist nation or being engaged in the regulation of free enterprise.
I certainly hope this article is of interest and that is has propelled thought. The goal is simple, to help you in your quest to be the best in 2007. I thank you for reading my many articles on diverse subjects, which interest you.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/. Lance is a guest writer for Our Spokane Magazine in Spokane, Washington
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