I want argue with you there. But I don't think it is the working people in the SEC that is the problem but rather the political ones that are hoping for a huge salary job after their stint. Then too the SEC has very limited powers, I think it is the DOJ that is dropping the ball bigtime.
You know what the Martha Steward case taught us. That it isn't the illegal acts in the market that they care about. Just don't piss us off and lie to us. We don't care if you do insider trading. We will act like we care. But if you lie and make us look bad we will put you in jail. Sort of the same think when Clinton was in office. They didn't impeach him over his misdeeds but rather lying to Federal prosecutors.
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