[scj]

What if the policy was that once a year, a set amount of people will be prosecuted? Kind of like setting quotas for speeding tickets... Where firms are ranked in terms of the volume/egregiousness of the actions committed.

Oh, and setup an anonymous tip-line. To allow other firms to "investigate" others in order to make themselves look better (might not happen every year, but I'd imagine it would be an option of last resort if something really bad needed to be covered).

Shady things will still happen, but there will be attempts to reduce it just enough so others take the hit. Plus, the public gets a few show trials to make them believe the regulators have teeth.