4 ms·
These law weren’t enacted to keep people with less wealth out, but because people with less wealth were fraudulently victimized in mass. The masses now are mos
by throwaway_kufu 6y ago
These law weren’t enacted to keep people with less wealth out, but because people with less wealth were fraudulently victimized in mass.
The masses now are most certainly just as, if not more, susceptible to fraud now then they ever were. Then people were literally selling stock certificates on the street, now people line up like sheep to be lead to the slaughter and fight their way to the front.
This may be celebrated like a much needed deregulation, but this was pushed by some deep pocketed special interests that can’t wait to give the unemployed masses the ability to day trade right from their phones.