this quote from the video sheds quite a bit of light on the SEC's incentive to not regulate.
"The reason for SEC indifference (to naked short selling) is that only big wall street players even have the ability to naked short. And as it happens SEC staffers dream of jumping ship to work for big wall street players not small public companies. This creates a certain "disincentive" to SEC regulatORS, regulatING, as doing so would negatively impact their career prospects.