I know an SEC lawyer. He admits that the SEC doesn't have the resources to go after the really big fish because they can afford to fight like hell in court, whi

I know an SEC lawyer. He admits that the SEC doesn't have the resources to go after the really big fish because they can afford to fight like hell in court, while the smaller fish are much easier to convict. So they have to pick their battles. Doesn't mean that they never go after the big ones but they'd have to have an overwhelming case, which is tough.