"The important thing about securities regulations is that every single one is there because someone ripped a lot of people off that way." Yup. You can argue ab

"The important thing about securities regulations is that every single one is there because someone ripped a lot of people off that way." Yup. You can argue about how to apply them in any given situation, but if you want a fair exchange, you will spend lots of time re-creating most of the regulatory environment.