Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




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April 1, 2002

More Staff for the SEC?

By Gregory Bresiger

The Securities and Exchange Com mission has begun a four-month study to examine its "efficiency, productivity and resources." The SEC recently asked for higher staffing levels in light of the recent Enron scandal.

"The special study will enable us to ascertain whether we need staffing or other resources beyond the amount we requested, or whether more efficient use of existing staffing and other resources may meet our needs," said Harvey Pitt, SEC Chairman.

Pitt has already asked Congress to increase SEC staffing by 100 professionals. He said the extraordinary demands on staffing caused by the loss of the Northeast regional office in the Sept. 11 tragedy, as well as the demands of investigating the Arthur Andersen, Global Crossing and Enron problems, have necessitated the additional staff.