---
title: "Yep.  The SEC exists to protect the old school financial firms from…"
date: 2021-09-04
source: twitter
tweet_id: "1434235717568192512"
original_url: "https://x.com/i/web/status/1434235717568192512"
---

# Yep.  The SEC exists to protect the old school financial firms from…

*September 4, 2021 · Twitter/X*

Yep. The SEC exists to protect the old school financial firms from competition. \"Protecting consumers\" is just carnie patter to snow the rubes. [https://x.com/markjeffrey/status/1433845357180375042](https://x.com/markjeffrey/status/1433845357180375042){target="_blank" rel="noopener noreferrer"}