GAAP accounting, listing requirements, fiduciary responsibility, and the Bloomberg terminal probably make them more money than they lose. They’ve got astronaut-grade mathematicians crunching legit numbers faster than retail can even access so the SEC is probably a very positive thing for institutional investors
This is the kind of thing DOGE will target. Any friction in the gov that slows the greed must go.
GAAP accounting, listing requirements, fiduciary responsibility, and the Bloomberg terminal probably make them more money than they lose. They’ve got astronaut-grade mathematicians crunching legit numbers faster than retail can even access so the SEC is probably a very positive thing for institutional investors