Self-Regulation or Government Regulation

Analyze the opinion on self-regulation and government regulation ideas. Give an argument from both points of view.

I do believe that corporate should regulate themselves, but at the same time, I also believe in harsher penalties for fraud. I guess that will be more government regulation. And then I don’t believe government should have too much power in the free market. In my opinion, too much government regulation will disrupt the free market. I do believe the SEC provides enough regulations, but it cannot prevent a company’s laziness and greed, Kuney’s article says. My answer is to have a balance between self-regulation and government regulation, but in case of fraud, harsher sentences for CEOs, accountants, managers, and lawyers.