Not Ranked
That is a good point and it might work unless the people like Madoff offer them more than what they would get for turning them in. I don't believe the SEC has the authority to limit the size of a corp. They are supposed to police the Brokers and exchanges for insider trading and other violations. But they have all but admitted that some of their investigators took pay offs from Madoff and others at times. The signs of what Madoff was doing were there for quite a while and they supposedly investigated him and found nothing wrong. Maybe a new bunch of SEC authorities and give them a percentage of any fraud they uncover.
Ron
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