The accumulation of Trump being given the ability to file most commission members for no reason, the reduction or elimination of quorum requirements, and the general cessation of enforcement actions mean that pretty much all rules against fraud and abuse are gone.
https://newrepublic.com/article/216442/sec-just-opened-floodgates-fraud?utm_source=newsletter&utm_medium=email&utm_campaign=tnr_daily
 

Excerpt, below, more at the link:

Ninety-one years later, however, a unitary-executive-besotted Supreme Court ruled in Trump v. Slaughter that Trump was perfectly free to fire, without cause, Rebecca Slaughter and Alvara Bedoya, two Democratic appointees to the Federal Trade Commission, before their terms ended. By extension, Trump is now free to fire any commissioner of almost any independent agency simply for being a Democrat. Thus far (not counting Cook) Trump has fired at least 21 Democrats (five of them his own appointees!). Through either firings or refusing to nominate a replacement when a Democratic term expires, Trump has managed to deprive the SEC, the FTC, and the Commodities Future Trading Commission of a single Democratic member.

The CFTC, which has neither a statutory quorum requirement nor an internal rule defining a quorum, represents Trump’s beau idéal. It’s operated for nearly one year with a single commissioner, Michael Selig, an enthusiastic cheerleader for crypto, prediction markets, and sports betting. “The era of political lawfare, debanking and regulation by enforcement is over,” Trump’s solitary cop on the commodities beat said in August. “Innovators … are welcomed to the White House, not railroaded to the big house.” In the CFTC we see unitary executiveship at its most uninhibited. Even before Selig got there, CFTC enforcement actions in 2025 were down 80 percent compared to the previous decade, according to NPR’s Luke Garrett.