As an investor in the UK, who regularly trades in securities in the US Markets - it seems less important to me that you introduce new rules, and more so that you actually enforce those already in place. It must logically be more effective to reign in those who are no -compliant with the current rules, than to spend more time, effort and money on producing, reviewing and publishing yet more rules you then fail to enforce, or even accurately report on breaches thereof. If it is truly your intention to have a significant impact on irresponsible and illegal activities relating to securities trading, I suggest you start by cleaning house.
Andrew Simpson Comment On Regulatory Notice 21-19
As an investor in the UK, who regularly trades in securities in the US Markets - it seems less important to me that you introduce new rules, and more so that you actually enforce those already in place. It must logically be more effective to reign in those who are no -compliant with the current rules, than to spend more time, effort and money on producing, reviewing and publishing yet more rules you then fail to enforce, or even accurately report on breaches thereof. If it is truly your intention to have a significant impact on irresponsible and illegal activities relating to securities trading, I suggest you start by cleaning house.