As a "little guy" who lost a lot of USD and Bitcoin in the MtGox fiasco (luckily, nothing I couldn't afford to lose, though with the price BTC is trading at now

As a "little guy" who lost a lot of USD and Bitcoin in the MtGox fiasco (luckily, nothing I couldn't afford to lose, though with the price BTC is trading at now it would be really nice to still have those BTC), and any possible partial payout through the bankruptcy process is tied up in potential litigation, I'm a fan of more heavily regulated exchanges that I can actually trust. Since the MtGox fiasco, I've never bothered trying to liquidate any more of my Bitcoin, and instead just occasionally use it to pay for things which accept direct Bitcoin payment. I'd be a lot happier with a trustworthy, audited exchange. If there are smaller exchanges that couldn't deal with the regulation, they probably also can't deal with security, keeping enough secure reserves to be able to pay out in the case of losses, auditing both their security and finances to ensure that they stay healthy and liquidate gracefully if they ever run into financial trouble.