The Securities and Exchange Commission (SEC) have over reached on their authority.  They have shown they are not there to protect investors and properly regulate securities.  They have over reached with their power to "allow" or "deny" pure market manipulation.  Many celebrities, company executives, politicians, bankers and lobbyists are able to manipulate the market freely, while others are targeted for lesser actions.

SEC's recent chairman Jay Clayton participated in a market manipulation to cause investors of a digital currency called XRP to lose billions of dollars.  He has vested interest in digital currencies and decided to target these investors, causing their fortunes to be lost affecting lives of many.  There is analysts that warn investors of a possible bubble and upcoming market crash and are harassed by the SEC. 

The SEC will not let the average citizen take part in the best investing opportunities unless they are accredited investors.  What defines a credited investor is an individual who's salary excedes $200,000 a year or who's net worth is over $1,000,000.  This excludes average investors from investments that will make significant gains.  This is disguised as protection against "risky investments" yet it is ok to go to casinos or purchasing lottery tickets with their money.  It is time to allow investors to be allowed to invest their money without constraint of the SEC. 

It has been made clear that the SEC is not here to protect the investor and is only here to further manipulate markets in the best scenario for them and their associates.  The SEC no longer deserves tax payer's money to fund them and I am proposing to abolish the Securities and Exchange Commission.