If the SEC is serious about regulating financial markets to stamp out illegal activities, it must first start by exploring the influence of the following (on activities in financial markets):
- Elite financial media editorial policy.
- Elite financial media ownership structures .
Particular focus should be paid to how the elite financial media shapes investor appetite for stocks and financial instruments.
Most of the answers they are looking for will be revealed by that investigation.
Any regulatory thrust that ignores the elite financial media--and how it shapes activities in financial markets--will be futile; as it merely addresses the superficial (not the underlying driving factors) .
The financial media plays a great role in financial markets: it facilitates the flow of information (on which investment decisions are based)... But the prevailing security/investment legislation fails to FULLY encourage the media to use its position of power responsibly (i.e with total impartiality and total objectivity).
The great power (of the elite financial media) has to be balanced with great responsibility and accountability (through legislative machinery)!
Any regulatory thrust that ignores the elite financial media--and how it shapes activities in financial markets--will be futile; as it merely addresses the superficial (not the underlying driving factors) .
The financial media plays a great role in financial markets: it facilitates the flow of information (on which investment decisions are based)... But the prevailing security/investment legislation fails to FULLY encourage the media to use its position of power responsibly (i.e with total impartiality and total objectivity).
The great power (of the elite financial media) has to be balanced with great responsibility and accountability (through legislative machinery)!
