[gammabetadelta]

The primary purpose of the SEC is to enforce the law against market manipulation.

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.

[IanCal]

> They aren't here to pick winners or losers they only control who is allowed and not allowed to take money and from whom.

That's the context of what was being replying to - the "who" part.