In the flesh-and-blood world of regulation (the people, as opposed to the rules and regulations themselves), there is no official securities regulator position called "the Enforcer." But in defense of the regulators, they're not known for their imaginative qualities. Those qualities tend to belong to their opponents, the various violators, cheaters, scammers, and fraudsters who dream of life in terms of sumptuous, ill-gotten material gains brought forth by brilliant schemes....
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