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But calls for a crackdown must contend with a legacy of a light regulatory touch.
The most fundamental one is that the UK's light regulatory touch makes it easier for them to do so.
He talked about fiscal conservatism and how well the Texas economy is doing because of a light regulatory touch.
Now we have the consequence of ideological disdain for the state and a faith in the light regulatory touch.
The F.C.C. at the time argued that a light regulatory touch would foster alternative technologies and aggressive competition among providers.
The exchanges and their allies are successfully fighting back against the idea of a light regulatory touch.
"The clear preference for a light regulatory approach among partisans in all camps is striking," writes the report's author regarding rules for ride-hailing.
The agency, once known for its light regulatory touch, brought a record 99 enforcement actions last fiscal year, 74 percent more than the previous year.
Some state securities regulators, citing Finra's light regulatory touch leading up to the financial crisis, have questioned whether the group has earned the added responsibility.
By contrast, Singapore has a low tax rate, a light regulatory regime and an enviable location at the heart of Asia.
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In parallel, the ultra-light regulatory regime is toughening up, as shown when the Financial Conduct Authority signalled, in rather chaotic manner, that it would review historic schemes that locked investors into excessive charges.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com