There’s also the National Securities Markets Improvement Act of 1996 which clarifies jurisdiction. It basically gives the SEC exclusive jurisdiction over covered securities and tightens up regulations. We have to wait for the SEC to publish new rules to know for sure what we have to do to be in compliance.”“That seems like an insane amount of regulation.”“All things being equal,” Stephanie said, “I agree with you, but every single one of those rules was created because some asshole tried to pull a fast one in some way. I usually agree with you on overregulation, but we’re dealing with a situation where individual investors are at such a serious disadvantage to professional and institutional investors, and where there is such wide gap in understanding, it’s hard to see how this could be done without regulation.”“I’ll take your word for it. So what happens to whoever fronted the account for him, or whatever it’s called?”“It was a nephew. Most likely, nothing. It appears he didn’t even. The scab on my emotional wounds never got a chance to form. There was always someone that seemed to want to dredge it all up again. It seemed like my pain and despair would never end.Chelsea had been one of the exceptions. During that entire first month, she had never once brought up Melanie's name to me, and seemed to have gone out of her way to avoid participating in any of the office conversations where Mel's name got mentioned. I appreciated her friendship.Chelsea and I had been locked in a tight competition for a company promotion three years before. It had been close leading up to the expected announcement date, but then Chelsea went in to see Mr. Graham, our company's President, to request that she no longer be considered for the promotion.She cited personal issues for her withdrawing, but offered no further clarification than that. Getting my promotion in that way had taken much of the satisfaction away from me. I'd wanted to earn it on my own merits, not just have it handed.
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