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So there's no reason why they shouldn't be able to make other risky investments, right?
by aeorgnoieang 9y ago
So there's no reason why they shouldn't be able to make other risky investments, right?
- vkou 9y agoPublic companies have strict auditing rules, and other controls that prevent insiders, or a small group of people colluding with insiders from ripping off other investors. This is not the case with private firms, and doubly-so for ICOs. There's risky investments, and there's walking around the bad part of town after dark, wearing a blindfold, with two wallets in each hand, hoping you'll find a winning lottery ticket on the ground.
- wils1245 9y agoThe regulations are more about regulating the ability to make money off of naive investors, in my view. You should be able to offer the ability to make risky investments to people, but there should be enforcement mechanisms to ensure you're not misleading people.