Good point, the trouble is that their business model is based on hot air, fractional reserve banking means you can lend out money you don't actually have. So they'll always have the benefit because your government is backing their ass.
When you know most governments are just corporations pretending to be above you the whole game changes. Therefore also the SEC is just a corporation pretending to be a goverment body.
The future is ownerless blockchains and what have you. We should never let government interfere with our business because it is none of their business!