* If someone committed a crime, then they will usually be in jail (a pretty effective way to be denied employment!) * If they've also violated an SEC statute (or settled with the SEC), they will often be barred from the securities industry for life by the SEC. Examples include Michael Milken and Henry Blodget. Or they can be barred for life from serving as an officer or director of any public company (examples include Angelo Mozilo of Countrywide Financial).

We don't need new ways to blackball people. We have a powerful system of civil and criminal statutes that do a great job of doing that. The problem is that nobody is being prosecuted for any crimes by state or federal prosecutors, or by federal agencies like the SEC. That's the real problem to solve.