SEC Sighs, Shakes Head, Feels Compelled To Say, âWeâre Not So Sure About This Charlie Sheen SPACâ It has better things to do, of course, but this is America. Author: It has better things to do, of course, but this is America. The Securities and Exchange Commission is certainly wrestling with some weighty, difficult matters right now: climate change, cryptocurrencies, diversity (on which, of course, it is not alone) and the very structure of the markets its oversees. But it’s also helpful to remember that a lot of what the SEC does—possibly even most of it—is very, very easy, such as busting the most blatant and ill-concealed frauds, and urging ordinary people not to do things with their money that they very obviously should not do.