When a person with influence (number of followers) tells you to ignore the warning signs and has Tier One followers which he brought in before you - saying that this is the real deal - exactly how does the newbie figure that it's a scam?
I, for one, know how to dig into the filings to figure that out and I know that you have to dig deep to see if it's real or just smoke and mirrors. The newbie doesn't know how to do that because they've been told they are on the road to easy money. They've bought into your dream world. The SEC was formed to protect the weakest among us from scams. It's why we warn people to be careful about providing info the scammers on the phone trying to steal your information.
And you argue that there should be no protections...I think there should be protections and that we should keep scams away. Look at what happened when regulations were abandoned on Banks in the early 2000's, with the argument that it would unleash our entrepreneurial tendencies. The result was what happened in 2008 when the US Banking system nearly brought down the entire World banking system. You have road blocks to protect the vultures from killing everyone else.
When you have curbs, then the big dogs with their 10's of thousands of followers would have to learn how to find REAL investments and be real investors instead of scaming someone else. Your argument is that scammers should be free to scam and then blame their followers.
I hope we don't back to that day, you seem to think it would be a revival. I hope it doesn't happen.
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