It's not their choice--they might like to advertise -but they can't without running afoul of the SEC.

他们也不想这样...他们也想登广告,但是不可以登,否则会与证交会起冲突

耶鲁公开课 - 金融市场课程节选

I don't know if the word is approved but it's--you have to run it by the SEC and then you always have to give that up.

不知道人们对此是否认同,但是你不得不按证交会的规则去办事,不断地提交这类文件

耶鲁公开课 - 金融市场课程节选

But the law--the SEC requires that they at least present the standard earnings definitions for all these things Now another--let me just mention off balance sheet accounting.

不过,证交会规定他们至少要披露,各项收益标准定义,另一个内容,表外业务会计核算

耶鲁公开课 - 金融市场课程节选

In 2006--I mentioned this before -in 2006, the SEC proposed raising the definition to make it harder to be an accredited investor, but they haven't done that yet; so, it remains at one million dollars to do it.

我之前讲过,2006年美国证券交易委员会曾提议,抬高可信投资者的门槛,但他们仍未付诸实施,所以现在的门槛仍为一百万美元

耶鲁公开课 - 金融市场课程节选

But in fact, the SEC promoted the very free-market concepts that were widely believed in this country.

但事实上,SEC发扬了自由市场这一概念,而这一概念受到了广泛认同

耶鲁公开课 - 金融市场课程节选