The job of the SEC is not tell if a stock price is too low or too high. The SEC’s can only protect investors by ensuring companies do not lie. At the moment th

The job of the SEC is not tell if a stock price is too low or too high. The SEC’s can only protect investors by ensuring companies do not lie. At the moment the SEC starts to decide something is too expensive then the stock market effectively becomes socialism. It should be everyone’s own resposibility to decide if they invest in something and also be prepared to take losses on that investing. There cannot be investing without the risk taking aspect. Whoever invested in Uber at too high valuation should bear the resposibility of losses of their investment.