Do you think that the SEC as a “Duty” should regulate the use of derivatives by mutual funds and other investment companies to protect the investors?

Link: http://online.wsj.com/article/SB10001424053111904716604576542370463570958.html

“The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”

Using Rights of Investors, Duties of Money Manager or/and Societal Benefit arguments discuss how you would regulate the use of derivatives by mutual funds and other investment companies? The following questions can be used as a good starting point.

Questions 1: Do you think that the SEC as a “Duty” should regulate the use of derivatives by mutual funds and other investment companies to protect the investors?

Question 2: Should SEC protect the “Rights of Investors” and allow mutual funds to use derivatives?

Question 3: Should SEC formulate policy for best interests of Society?