> Isn't "post-factum civil litigation" an even better mechanism for enforcement?
That hasn't worked out well for Madoff's "investors".
> Look companies that are "bad actors" are going to cheat the SEC and the public anyway...
And Congress passed Sarbanes-Oxley to prevent future Enrons and WorldComms. HR 3606 repeals SOX for the first 5 years of an "emerging growth company" stock issuance and returns us to the "good old days" when fraudsters were able to run wild.
That hasn't worked out well for Madoff's "investors".
> Look companies that are "bad actors" are going to cheat the SEC and the public anyway...
And Congress passed Sarbanes-Oxley to prevent future Enrons and WorldComms. HR 3606 repeals SOX for the first 5 years of an "emerging growth company" stock issuance and returns us to the "good old days" when fraudsters were able to run wild.