A document from the SEC website from 2016 confirming they were aware of unbridled illegal short-selling, dark pool abuse, falsely locating of shares, unlimited supplies of synthetic shares, inaccurate reporting, ex-clearing trades, large-scale washing of trades, and the systemic risk of leverage.

https://www.sec.gov/comments/s7-21-16/s72116-6.pdf

 

And yet they did NOTHING about it!

 

h/t MassiveCollision