Investors have lost faith in the SEC. The lack of trust goes to the core, and sweeping reforms must be instituted.The old possibly corrupt SEC head has resigned and a new strong, intelligent, and fair head appointed. Investigations will occur and evidence of wrong doing punished. New blood will emerge and correct the embarrassing fraudulent rules that allow ordinary investors to be bilked. The changes will take time but there is hope for the future. Starting anew will flush the bad guys and elevate good ones.
Teach, not sure I can go along with everything you say. The SEC is one big department but the issues and fraud etc. that is out there is even larger. The SEC can not watch every transaction, review policies of some of these hedge funds,and read every post on these message boards that may be lies to influence.
I remember some time ago some president of a company was posting lies about the competition that caused the competition to fail. Fortunately he was caught but how many others are out there?
I hope your right about the new SEC chief but I have to think the markets are just too big and the bad guys are no dummies. I think the SEC needs to start putting these people in jail instead of the fines that the companies end up paying.