I guess the SEC rules are similar to the border. It's illegal for people to enter but the politicians allow, encourage and even assist the process. Once illegals arrive our government spends tax $$ to transport them to various places inside our country, rather than spend $$ on enforcement of the laws. The politicians find reasons NOT to enforce the law, including Gov of TX. He says it would be illegal to put National Guard on border - it's also illegal for government NOT to enforce the law. The laws including those in the markets need to be enforced by the SEC. Otherwise, defund the SEC if they aren't doing their job and allowing rape and murder (figuratively) in the markets.