What's going on is complicated, it isn't surprising that a lot of folks get it wrong. I don't know much about SEC enforcement, but the IRS has become far less

What's going on is complicated, it isn't surprising that a lot of folks get it wrong. I don't know much about SEC enforcement, but the IRS has become far less fearsome over time. Again, a somewhat complicated story; there's a good overview here: https://www.propublica.org/article/how-the-irs-was-gutted https://www.propublica.org/article/how-the-irs-was-gutted One top-line number: > The IRS conducted 675,000 fewer audits in 2017 than it did in 2010, a drop in the audit rate of 42 percent. Audits of the very wealthy have declined dramatically.