The SEC’s problem? It’s over-worked, under-resourced, and hasn’t evaluated markets in 16 years

A top regulator says the US Securities and Exchange Commission (SEC) is in a poor position to adequately regulate markets. Commissioner Daniel Gallagher told a conference of investors, regulators, innovators, and traders today that new rules and a lack of resources are damaging the agency’s ability to oversee exchanges amid the constant stream of financial products coming out of Wall Street.

SOURCE: QZ