[threedots]

Protecting investors is literally the first part of the SEC's three part purpose statement.

The SEC came into existence because retail investors lost huge amounts of money in the 20's in speculative bubbles. The same thing is going to happen here so the SEC is literally doing what it was set up to do.

[ineedasername]

Don't cherry pick the portion of my statement you want to criticize: I did not say it wasn't the role of the SEC to protect investors.

I said it's not their role to protect investors from loss. Clearly it has a role in protecting investors by requiring disclosures that allow informed decision making, policing fraud, etc.