IT'S agonisingly hard to be a regulator at times. When there's enforcement action, complaints of heavy-handedness and unfairness are almost inevitable. However, if things go wrong and people suffer losses because somebody hasn't played by the rules, there will be this automatic question: “Why didn't the authorities prevent this?”
The Genneva Malaysia case is an unusual example of a regulator's dilemma because a business being investigated by several government bodies has many stakeholders who would be a lot happier had there been no such intervention.