Participants also discussed whether the right people were being held accountable and whether the SEC's civil-based enforcement actions were sufficient to discourage the bad actors.
The participants had to determine if civil based actions would be good enough to keep the best performers from participating. 
mnli hypothesis: The participants had to determine if civil based actions would be good enough to keep the best performers from participating.  premise: Participants also discussed whether the right people were being held accountable and whether the SEC's civil-based enforcement actions were sufficient to discourage the bad actors.