The brokerage industry knows the American public no longer believes self-regulation works.

FORBES: SEC Commissioners Wanted: Plaintiffs Lawyers and Consumer Advocates Need Not Apply (Sept 10,2010 )

One of the comments I wanted to make, coming from Europe where carbon is regulated, I see firsthand -- I have a company in France also -- that regulation works.

WHITEHOUSE: Help for Homeowners in the Hardest Hit States

The industry argues that self-regulation works.

FORBES: Why the SEC Is In Danger of Becoming Irrelevant ( February 28, 2006 )

This effort is known as "self regulation" and here is how it works: When having a conversation, we can use up a lot of mental energy trying to manage the other person's impression of us.

WSJ: What Makes People Overshare?

Most of all, he believed that government through its misconceptions about the way the oil industry actually works has done more harm with its regulation than good.

FORBES: Reflections And Lessons On Energy Challenges

The scientist in question is Charles Monnett, who works with the Bureau of Ocean Energy Management, Regulation, and Enforcement (think the nation could survive without this office?) in Anchorage.

FORBES: Drowning Polar Bears And the Return Of Ursus Bogus

This works far better than forcing insurers to cover everyone regardless of pre-existing conditions, or regulation such as guaranteed issue (forcing insurers to cover everyone who applies regardless of health condition), or community rating (forcing insurers to charge the same or nearly the same to all regardless of health condition).

FORBES: Universal Health Care With No Mandates

It includes a nice history of regulation (or lack thereof) of off-exchange retail forex, the new registration categories and how it works.

FORBES: Questions Linger Regarding New Forex Rules