The SEC is tasked to monitor, and punish if necessary illegal acts committed by trading in securities.

They are the "Watch Dog" of Wall Street.

Unfortunately, there are not enough skilled employees, and funds to really do their job, so a lot of unlawful acts slip through the cracks.

The SEC does enforce their regs. and will levy huge fines and other sanctions.

If you have additional questions, just call me. Thank you, Paul Trachtman