The company also ran into legal trouble when the State of Washington Dept. of Financial Institutions, Securities Division found that the company was selling unregistered securities and not providing sufficient information about the company to its potential investors.

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Dodd-Frank gave rulemaking authority to at least eight agencies, for example, and the Securities and Exchange Commission is constantly fighting with the Justice Dept. and the Commodities Futures Trading Commission over who should police financial fraud and products like derivatives.

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In August 2012, the Dept said it would not pursue criminal charges against Goldman Sachs for its role in the financial crisis due to lack of evidence.

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