Don't dissolve the SEC because it gives people false hope - dissolve it because it is the poster child for regulatory capture. The top regulators do not hand do

Don't dissolve the SEC because it gives people false hope - dissolve it because it is the poster child for regulatory capture. The top regulators do not hand down big fines because the SEC is a revolving door and the regulators don't want to muck up their post-government careers. It is so utterly corrupt the only solution is to demolish it and replace it with a new enforcement body with some teeth.