Studies: Political donations cut SEC fines while STOCK Act reduces hedge-fund gains

Marketwatch reports:

A pair of academic studies, taken together, show the influence of money on politics and specifically the securities industry — as well as what can be done to limit that influence.

One study, from Maria Correia of the London Business School, looks into political connections and Securities and Exchange Commission influence. Correia finds that politically connected firms are, on average, less likely to be involved in SEC enforcement actions and face lower penalties if prosecuted.

Regulated means campaign contributions for politicians. Being a prostitute is a much more honorable profession than being a politician.