A man in a red shirt is standing next to a woman in a blue dress. They are both holding hands and smiling at each other. A man and a woman are on a rooftop taking a view of the city. They are not moving. If there are no clear negative consequences to securities violations or wrongdoing, investors may perceive that the system is not working properly. Does it follow that 'Investor confidence in the securities system requires that there be clear consequences for wrongdoing.'?
yes
no
yes