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Are you actually suggesting that government ought to let fraudsters / unregulated securities run amok? No legal framework for punishment or restitution?
by sk5t 9y ago
Are you actually suggesting that government ought to let fraudsters / unregulated securities run amok? No legal framework for punishment or restitution?
- CryptoPunk 9y agoFraud should be punished. But bad investments are a result of far more than just fraud. Also, punishing fraud, and creating a gatekeeper that every party needs to get approval from before being allowed to participate in a market activity, are two entirely different things. The law should be reactive. We shouldn't be denying people their liberty as a preemptive measure to stop crime. >>fraudsters / unregulated securities I just noticed this conflation. An unregulated security is a security that has not been approved by some gatekeeper. This is totally different from fraud, and these two shouldn't be put in the same category.
- deleted 9y ago[deleted]