Your comment reads as if regulations are some binary thing, the nature of regulation is critical to any meaningful discussion. Regulations can be reasonable guards against harm (fraud, pollution, safety, etc.) and they can also be part of a defensive moat that protects existing businesses via otherwise unjustified restrictions and imposes a "tax" on economic activity that hurts everyone.

SOX isn't the be-all-and-end-all of financial regulations and my understanding is that there is considerable regulatory nonsense inside SOX. Doesn't mean that there aren't good parts just that that the details do matter.