Was bedeutet — and in my view misguided — ?

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Here is the context. Would you paraphrase— and in my view misguided —?

Does it mean "in my view, the vague notion is misguided?? "


“But two reasons stand out,” says David, a keynoter at the upcoming 25th Annual CFES Global Conference, June 10-17 in Los Angels. “First, beginning in the late 1990s, the Department of Justice became increasingly enamored with the vague — and in my view misguided — notion that prosecuting corporations instead of individuals would affect a change in ‘corporate culture’ that would make companies more law-abiding.