The SEC essentially said that we are all criminals and that they will hold it against you when they feel like it, for our safety. It's similar to the NSA recording every communication in this country. If they need to nail you, they can always go back and listen to their recordings of your phone calls and emails.
It's as if all that reside in US are on parole already, don't step out of line or we'll charge you with all these crimes that you didn't know that you committed. Pffff!
Geez. Thinking about being on parole in the country that already has the highest prison population... not a fun thought.
They've got plenty of empty big box retail space that can be repurposed. Not fun thoughts at all.