RE: SEC Official Slams ICOs for "Fraudulent Conduct"
Excellent post. Very informative.
Salutations.
I am JaiChai. Very please to make your acquaintance.
RE: Your Post
Many years ago (in a galaxy far, far away...) I was a young, snot-nosed investor armed with a shiny, new MBA - which was pretty much a worthless in the manic-depressive world equities markets.
I made too many blunders to mention here.
Feeling angry and sorry for myself, I blamed the regulators. "It's their job to protect new investors from getting fleeced!" I proclaimed. My rants were only comiserated by other losing traders.
I sheepishly told my father what happened - hoping to get some sympathy.
I got empathy; mainly because he was a shrink, but I didn't get sympathy.
All he said was, "Caveat Emptor. Due diligence is your responsibility not the vendors. Overprotection is as bad - if not worse - than underprotection."
Since then, I have become well seasoned, indeed.
Upvoted and following you now.
Namaste (I recognize the divine in you, my friend),
JaiChai
P.S.
In a stunt of one-upmanship, Putin embraces ICO's' regulation.
See:
Thanks for your comment @JaiChai. I definitely agree— overprotection can and generally is as bad as underprotection, as you said.