Is Compliance Really That Important for Traders?

I've been diving into the whole compliance side of trading, and I’m curious about how seriously others take it. I know it’s crucial for keeping everything above board and avoiding nasty fines, but sometimes it feels like a hassle when all I want to do is focus on my trades. Do you think it’s worth the effort? How do you balance compliance with your trading strategies? Have any of you had experiences where ignoring compliance led to problems? I’d love to hear your thoughts and any tips you might have for staying compliant without losing your edge in the market. Thanks!