This is an important point. No one trusts the financial markets, and with good reason. Appointing a real enforcer is the first step to restoring that trust. The current crowd can’t or won’t deal with the Flash Crash issues or the RMBS frauds or the favoritism shown to the rich, and they don’t think regular investors care about them or any of the other sleazy tricks of the sector.
That atmosphere is poisoning the nation’s investment stream.