For many years, the primary remit of the Securities and Exchange Commission (SEC) has been to protect retail investors from being hurt financially by market forces that are stacked against them, be it pump-and-dump schemes, market manipulation, insider trading, or fraud in its many ugly and ever-changing forms.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...