I agree. I imagine the amount of people pulling these scams is pretty overwhelming. The SEC has to really investigate before deciding on suspending a stock. That investigation probably takes months. That said, certain things have been done recently to help. Recently the SEC has been targeting scam shells and have stopped trading for them. FINRA also has put a stop to scammers that like to change the name and symbol of their companies to "reinvent" themselves and start a new scam.
That said, some members of the public are pretty vocal on defending these scam artists. I've seen people complain about the SEC having "an agenda" or being "overzealous" in their actions. It makes it harder to protect people when certain ones still feel that there is "another side" to why their money is missing.
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