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This is a new must-watch clip from CNBC And former SEC chairman G uh Jay Clayton Discussing how he thinks the overreach From the SEC needs to be addressed what You're hearing from the leaders of the Regulatory organizations is if we're not Losing cases if we're not being pushed Back on by the courts we're not doing Enough that think about that for a Second that is a fundamental shift in How We As Americans view the role of the Government I I don't want to be in a Place where I know the government is Going to bring cases they think they're Going to lose imagine you're the person Who is the subject of that case yeah Right but this is an ethos now which is Unless we're losing we're not bringing Enough cases you know that may be fine For private litigant against each other