The airplane was invented by the Wright Brothers, does that mean someone on a flight from Japan to South Korea is bound by US law? I can understand if the SEC s

The airplane was invented by the Wright Brothers, does that mean someone on a flight from Japan to South Korea is bound by US law? I can understand if the SEC said that all compute nodes residing in the United States, and any organization likewise located here is under their jurisdiction. I'm not a lawyer, so I can't argue whether the SEC is legally correct, but it seems absurd to me to claim jurisdiction over an intangible idea whose related productive work occurs all over the world.