[askmike]

You can't design a system with (supposedly) misaligned incentives and hope the SEC will research everything and keep it fair. That would just shift the solution from:

"Write articles that move markets"

to:

"Write articles that move markets in a way the SEC won't find out"

Also how good do you think it would be for Bloomberg (from a PR perspective) if their reporters are getting charged left and right for market manipulation?