The agency espouses a so-called principles-based philosophy that focuses more on overall market integrity than making sure every exchange action protects individual investors.

• 该机构崇尚的是一种以原则为导向的管理哲学，将监管重点更多的放在市场的整体诚信上，而不是保证每一笔交易行为都能保护个人投资者的利益。