doesn't have the toombs. we talk about the s.e.c. being the cop on wall street, but it's not a cop. that's hype. it has a civil jurisdiction. it can't do search warrants. it can't do wiretaps. it can't do stings, and most importantly it can't go into federal court and bring a case that ends up with a conviction that puts people in jail. that's under the department of justice, but the u.s. attorney's office is around the country who are responsible, they have got a lot on their plate, and this stuff is pretty small time. at the s.e.c. the enforcement attorneys used to refer to it it dismissively as little cases. they don't get much press, but small people who are innocent are harmed. i think the way to root out fraud as it exists under existing law and under crowd funding or any other change in the law is to direct resources in an efficient fashion to bring criminal cases against these people. it's very frustrating for s.e.c. enforcement, lawyers. they know these guys shrug off a civil case from the s.e.c. it's the cost of doing business. it's a risk. they don't mind when they are ta