[CPLX]

For the most part the SEC doesn’t tell you what you can and can’t trade.

It does however have laws around registration of the security, who can and can’t purchase it under a given registration, disclosure rules, conflict of interest rules, and so on.

[Vervious]

> "It does however have laws around registration of the security"

This sounds a lot like the SEC dictating what can and can't be traded in the modern day. We can't trade something if there isn't an exchange for it.