absolutely wrong thinking.. the existence of SEC equivalent gives people a false sense of security. therefore they don't do a proper due diligence to detect a fraud or investment worthiness .
there is not much difference who you are. the SEC ignored harry m., who exposed madoff, for for 8 years. the SEC has a well deserved reputation for doing nothing until after the horse has left the barn
you moralize too much.
Harry Markopolos first submitted evidence to the SEC in May 2000, eight years before the Madoff fraud was revealed.
who needs the headache of being a whistle blower? "failure to act" implies a moral duty. there was none here.
https://www.bloomberg.com/view/articles/2017-09-19/an-eu-turnover-tax-on-tech-giants-is-a-bad-idea
the european governments in their desperate need for tax revenue will come back to proposing a stock transaction tax. you can believe it.