The problem with "don’t make sense" is that very often they do but the arrogance/mistrust is stronger. Reading the comments on /r/robinhood is very eye opening. There is a big disconnection between the regulators and the regulated.
I think r/robinhood is a particularly bad example, the naïveté in that subreddit is overpowering. In general financial regulations are probably more good than bad given how completely irrational people get when money is involved.