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There is no secret that the SEC, down from 5 to 3 people, is stacked with members of the President's party who are devoted to Wall Street and the protection of brokerage firm profits. The combination of a partial SEC board composed totally of members of the President's party with the winding down of a Presidential term, with no relection, is the foundation for paying big political debts to Wall Street. Watch for very investor hostile, pro firm developments from the SEC as they race to the finish line. Watch out.
