The Lincoln Plawg - the blog with footnotes
Friday, June 03, 2005
SEC: why did all current commissioners get appointed in 2002?
Under the heading of being annoyed as hell about the media not giving simple explanations of facts that need them:
There are five commissioners and, according to §4 of the Securities Exchange Act, the five year term of one commissioner should expire each year.
Yet, according to the SEC site, each of the remaining four commissioners  were appointed in 2002!
How do they do that?
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