The securities commissions attempt to protect investors who are purchasing newly issued securities by making sure that the information put out by a company and its investment banks is correct and is not misleading. However, they do not provide an opinion about the real value of the securities; hence, an investor might pay too much for some new stock and consequently lose heavily. Do you think the securities commission should, as a part of every new stock or bond offering, render an opinion to investors on the proper value of the securities being offered? Explain.