Anyone trading penny stocks should know the high risks involved. This is also why the potential returns (and losses) are so high. Why do you think many big board companies only average fractions of a percent swings on any given day versus penny stocks that can swing +1,000 or -95% at the drop of a dime? Its simple, the big board stocks are much more transparent (thanks to the same people you are criticizing here - the SEC & FINRA) and the risks are much smaller for them to be suspended. You as an investor need to take personal responsibilty for what you decide to throw your money at. Investing in a company with little public information and overblown pipe dreams is like going out and buying a used car or a house without requiring the previous owners to disclose its maintenance records, insurance claims, mileage, zoning, ownership deeds, etc. It may look like a steal because you bought what appears to be a no brainer (a shiny late model car or McMansion) at a heavily discounted price, but 99.999% of the time there is a legitimate reason while the deal appears "too good to be true". Let's stop blaming the government for our own personal bad judgements. After all, they are often the only ones protecting you from not only those who attempt to use power and influence to gain unfair advantages over others, but in many situations they also protect you from yourself.
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