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Below we see a graph compiled from research findings, conducted by Reuters, showing the rate of prosecution of financial crime in the United States after regulation was passed to enforce accountability.

Prosecutions Prosecutions for financial crimes can clearly be seen increasing after the passing of the Financial Institutions Reform and Enforcement Act, showing that simply enacting legislation is insufficient as unethical parties will continue their activities until regulation is enforced. Prosecution of financial crimes, however, tended to decrease during the periods that followed the financial crisis of 2008. This was primarily due to the guilty parties (the big investment banks) settling out of court. Accountability is a key aspect in preventing history from repeating itself. Regulation seeks to hold those who are guilty to account for their crimes. Ultimately, you cannot have any kind of justice without regulation.

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