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Toadiac, I know what you're saying. You are Right!
Interesting bit of News Here I just read
Just this week, June 11, 2013 the Chicago Board Options Exchange and an affiliate were penalized for various systemic breakdowns in their regulatory and compliance functions as a self-regulatory organization, including a failure to enforce or even fully comprehend rules to prevent abusive short selling.
The financial penalty is the first assessed against an exchange for violations related to its regulatory oversight. Previous financial penalties against exchanges involved misconduct on the business side of their operations.As it read they were attempting to cover for this affiliate and themselves.
To remedy this action the CBOE has hired additional personal to police these activities from recurring
1'st time ever! Going after an Exchange is the Right way to go about it.