Simple: the business should be able to deal with willing buyers and sellers. The SEC shouldn't exist. Pure caveat emptor, buyer beware. If you trust the SEC to

Simple: the business should be able to deal with willing buyers and sellers. The SEC shouldn't exist. Pure caveat emptor, buyer beware. If you trust the SEC to "protect you" on your behalf you will (someday soon) find yourself Cyprused with no recourse. Cyprus has its equivalent of the SEC, and did absolutely nothing to prevent the complete collapse of the economy. The US became a world power before the alphabet soup of agencies that arose once the frontier closed. Regulation and bureaucracy can best be conceptualized as middle management that arises after a startup's early stages, parasites that a relatively strong organism/organization like the US can tolerate - but not indefinitely. The SEC's primary interest is increasing the SEC's budget and power, it has absolutely nothing to do with safeguarding your interests.