The SEC already has this problem. Those with sophisticated enough financial knowledge to regulate the best are already hired up by the big financials where th

The SEC already has this problem. Those with sophisticated enough financial knowledge to regulate the best are already hired up by the big financials where they can make more money. Anyone at SEC is likely to be a better than average stock picker. This study might be flawed. They need to measure the SEC against the hedge funds and mutual fund pros. If they beat those guys, who already beat the market then maybe there is something fishy going on.