WOW! They're finaly realizing the magnitude of this problem!
I will give the SEC this much they are trying...
SEC Charges 14 In $64 Million Penny Stock Scheme The Securities and Exchange Commission today charged 11 individuals and three companies, alleging they conspired to illegally issue and sell unregistered stock in a purported diamond and gold mining company and lined their pockets with more than $64 million from 40,000 investors nationwide.
When such large amounts of money are involved the SEC need to have a lot more power. You have so much money involved daily and no teeth to protect it! Its a no brainer.
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