The SEC should do their jobs going after the toxic funders who run the pump and dumps on innocent victims.
Most of the companies who need funding and take on the toxic debt don’t understand how these criminals work to destroy rather than build.
It's their responsibility to know. If they can't figure out stuff like that, their chances of running a successful company of any kind, public or private, are nil. Everyone knows what loan sharks are about.
And it isn't so easy for the SEC to go after them. The toxic lenders have good attorneys, and most of the time they don't break any laws. The companies agree to their terms, and sign contracts that can be enforced.