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That ’ s what I mean about this not being the same kind of brain race as Sputnik . " Mr. Merolla said the consolidated entity 's governance structure will ensure participation by both large and small firms in the regulatory process , which is vital to the principles of self-regulation . " Add to that the regulatory cost-savings available to industry members-which will have greater relative impact on the smaller firms-and the centralized , consistent protection afforded our capital markets and investors , and the benefits become clear . At the same time , we absolutely must think beyond today . Those are the same charges that were brought against Shareef in a criminal complaint at the time of his arrest . At the same time , I am extremely aware of the financial plight of these presses . " The regulatory consolidation has been criticized by some small broker - dealers and a few plaintiffs ' counsel . To maintain balance , the merged regulatory entity 's Board of Governors will have 11 members from outside the industry and 10 from the securities industry . In any other industry , the financial model of university presses would be jettisoned . Her early work examined the emergence of the professional revolutionary as a new historical type and challenged the dominant view of the French Revolution as a middle-class rebellion in a way so fundamental and stimulating that her work became the focus of several influential symposia and special issues of scholarly journals . We will safeguard the entirety of this archive with the same diligence we accord our most sensitive materials at the University : medical records , Defense Department data , and highly infectious disease agents used in research . At the same time , funds from the SIPC reserve are available to satisfy the remaining claims of each customer up to a maximum of $ 500,000 . The regulatory merger should result in integration of the rules which govern the conduct of member firms in such areas as membership requirements , sales practices , trading activities , gifts and entertainment , advertising and other forms of communication with the investing public , transactional fees and mark-ups , and compliance and supervisory procedures .