You are right about the law, Hoov. But you probably also know that complienece is another matter. The regulatory bodies are poorly funded and also know who butters the bread they eat. So catching the crooks is not an easy matter. On top of that, if that person has enough power, you'll regret the day you tackled them.

For some reference, there are claims that heads of the big banks who are resposible for the last crash should be charged but have not been charged. Too big to fail and too powerful?