> The take I can't believe is the SEC should decide how capital gets allocated.
That's literally its job, and they charged him with securities fraud didn't they?
That's literally its job, and they charged him with securities fraud didn't they?
Their job is to regulate not allocate. They aren't here to pick winners or losers they only control who is allowed and not allowed to take money and from whom.
SEC protects investors cause investors from its perspective need protecting. It is like a father looking out for his kids. Some of us don't think we are kids that need protecting.
That's the context of what was being replying to - the "who" part.