We have discussed this here multiple times. A good first start is, all companies should be registrants, and all of them shall be required to maintain compliance.
So...what you are saying is that the SEC should not shut down a criminal enterprise because the stockholders that invested in the criminal enterprise will lose money?
ha!
good one
and the answer to a crooked CEO should never be a suspension that wipes out retail, while the management who perpetrated the crime gets to fire up a new ticker, load it with toxic debt, and do it all over again.