thinking about food inspectors, the US has I believe 8,000+ inspectors of various sorts who work in situ don't think one inspector per broker would do it, might require several to cover the various departments in larger firms it's not just rules and regulations that require changes, much closer inspection is obviously required to ensure compliance is being maintained would resident inspectors have prevented Madoff's ponzi scheme years ago ? discovered the Refco debt ? stopped MFG in its tracks before it 'lost' $1.2B ?
We don't need anymore "inspectors" than we already have imo. Especially since they're so "effective" in large numbers.