> As someone who is at least somewhat well-informed, I literally never heard this. How would you expect investors to know that? Wouldn't it be better to just li

> As someone who is at least somewhat well-informed, I literally never heard this. How would you expect investors to know that? Wouldn't it be better to just live under a system of laws that prevents insanity like this? And then you could spend your time learning and being productive instead of poring over the details of how you're being duped in any given situation? There are already numerous laws around securities. That is no excuse for lack of due diligence. Would you buy a house without getting a title search?