Updating Compensation At The Sec

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This paper is dedicated to the memory of Linda Anderson, research writer and well of wisdom.

Introduction
For years the employees of the Securities and Exchange Commission (SEC) have been overworked and underpaid, a common complaint among many but one that has been verifiable at the SEC. The problem existed prior to the passage of Sarbanes-Oxley but intensified afterwards. The SEC has had pay raises, but compensation takes forms other than cash. The purpose here is to identify a best practice that will work within the current and emergent culture and situation of the SEC.
The SEC
Operation
The SEC is an independent government agency charged with overseeing stock trading and corporate financial reporting. It is responsible for investigating and enforcing violations of Sarbanes-Oxley; it regulates investment advisors; it oversees and regulates public companies' financial reporting. Its stated mission is:
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation (The Investor's Advocate, n.d.).
The agency has about 3,800 employees in eleven offices throughout the...

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