[xoxoxoBruce]

But most of those rules and regulations stem from some person or company abusing the public.
There were many people through larceny or ineptitude wiping out the nest egg of people getting ready to or already were retired. Bernie Madoff brought it to the front page by ripping powerful people. The result was a slew of new rules. The rules came late and for the wrong reason but they are still good rules. People will still get screwed but the perps won't walk away clean anymore.

Of course some of the rules are written to help the wife's cousin's coal mine keep a stranglehold on their market. That's why the rule makers have to be babysat by the voters.