SEC cases are hard to put together, but the the SEC is far from toothless. Cf. [1]. Lying to Congress is another matter: perjury convictions are pretty rare.

SEC cases are hard to put together, but the the SEC is far from toothless. Cf. [1]. Lying to Congress is another matter: perjury convictions are pretty rare. [1]: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=933333 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=933333