Oh, I do not doubt it at all, e.g., http://www.npr.org/templates/story/story.php?storyId=7244110 Because that is the old SEC, it did nothing about it. The new SEC is so busy with mortgage fraud it probably can't bother, but beware...Funny because this problem probably costs the investor at least as much over time as any other infraction committed against them. It is amazing to me that investors haven't told the stock market to go to f*cing hell given all the money that is stolen from them by unethical practices. Then we would all be trading with each other.