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> should he not have checked that laws and regulation first? The regulations came into existence after his project did. After the regulations went into effect
by McGlockenshire 13y ago
> should he not have checked that laws and regulation first?
The regulations came into existence after his project did.
After the regulations went into effect, he was unable to get his project certified under the regulations.
- 7Figures2Commas 13y agoThis is called regulatory risk. This story seems like a good example of why anyone starting a business in an industry that is already highly-regulated, such as finance, must assume that future regulations could increase the cost of doing business, or threaten the viability of the business outright.