SEC's Clayton Says His Employees `Have the Respect of Wall Street'

The transcript discusses the modest salaries of SEC employees and questions whether such compensation can retain quality staff. Despite the low pay, the SEC staff is described as competent and respected by Wall Street and investment banks. The conversation also touches on the issue of undercompensation and the need for salary raises to ensure the retention of talented individuals.

What is a significant challenge faced by the SEC in retaining talented individuals?

• Limited career growth opportunities

• High competition from other government agencies

• Lack of job security

• Modest government salaries

How do SEC employees compare to their private sector counterparts?

• They are equally competent and respected

• They struggle to keep up with the private sector

• They are less knowledgeable

• They have more resources

What is the general perception of SEC employees on Wall Street?

• They are considered overly bureaucratic

• They are seen as inexperienced

• They are respected and seen as competent

• They are not well-regarded

What issue is highlighted regarding the compensation of SEC employees?

• They have excessive benefits

• They are overcompensated

• They receive competitive salaries

• They are undercompensated

What action is suggested to address the compensation issue of SEC employees?

• Help secure a raise for them

• Provide additional training

• Reduce their workload

• Increase their job responsibilities