I hear ya. And while I think the SEC typically has a better handle on which companies are shady, that would require the SEC to make a determination on which companies are scams. If that were the case then someday the SEC might be run by naive people and that won't be good for anyone.

In my opinion, it's better if the SEC has to continue to bring its enforcement through the courts just like everyone else. I understand that means sometimes fraud will be allowed to continue right in front of everyone's faces but it's better than giving any agency too much power.

I do think the SEC should be more public in their enforcement. I'm very sure that most people didn't know about the SEC's fraud charges against PTOI and Mr. Bordynuik...until I posted the SEC's link in my SeekingAlpha article which was picked up by Yahoo. PTOI certainly wasn't going to inform their investors about the fraud charges--they hide things like that as best they can. It wasn't my article which knocked 15% off of PTOI's share price in 2012--it was that I brought the SEC's suit to investors' attention.