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[Vantage Point] The end of perpetual seats: Why the SEC is right on broker limits
History proves that relying on brokers to police themselves is naïve, justifying the SEC’s distrust in this model
![[Vantage Point] The end of perpetual seats: Why the SEC is right on broker limits](https://www.rappler.com/tachyon/2026/03/Vantage-Point-SEC-broker-director-limits-March-9-2026.jpg?fit=449%2C449)
History proves that relying on brokers to police themselves is naïve, justifying the SEC’s distrust in this model