Sure there is corruption, but the SEC much like every other government agency has a stated purpose. They don’t in principle act based on incentives or a “what’s in it for me” attitude. They get sued and lose when their actions do not align or go against their stated purpose. I don’t want to get hung up on this rabbit hole, my point was that the SEC has a purpose and aside from corruption it’s not up to the head of that commission to make decisions based on personal incentives.