The SEC is like a police detective. They keep collecting bits of information until they are granted an arrest warrant. In the SEC's case, it would be indictments. Some people think they aren't doing enough to protect the shareholder. Maybe so, but their conviction numbers prove they like doing business in a slam dunk style. Putting 98% of their cases to rest in a positive manner, says quite a bit. As Philip A. Loomis, Jr. (R), stated in a speech..."It's only a matter of time, for greed always does them in."

https://www.sec.gov/files/enforcement-annual-report-2019.pdf

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