Since the federal securities laws were put into place, two main criticisms have persisted. First, some scholars have argued that regulators at the SEC, like all bureaucrats, do not pursue the public interest but instead seek to ensure their own political support by benefiting powerful interest groups. A second criticism is that the SEC has developed an opaque regulatory system with few "bright line" rules, which cannot be confidently understood by non-specialists. Based on this week's readings and video presentation, do you see any evidence that these criticisms are valid? How do you think these concerns might be addressed?

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Answer In assessing the validity of the criticisms leveled against the SEC regarding its pursuit of the public interest and the transparency of its re... View the full answer