Quote from: heatstroke on October 09, 2012, 12:33:03 AM

Quote from: Rarity on October 08, 2012, 10:59:56 PM

The unregulated stock market was illegal. If a group of individuals wanted to sell out shares in their illegal business because one brave man was about to go to the federal regulators, that sounds like a scam to me.

It's not like this is the first time Theymos has been involved in extremely shady business either. He admitted profiting off the Pirate ponzi IIRC and felt he did nothing morally wrong in the process.

I think we should start an investigatory company that vets all these securities to make sure they're on the up & up, and prescribe a common set of guidelines for them to follow, so that they're not likely to disappear overnight with their investor's money and accusations of insider trading.

There must be something similar in the unstable American Dollar economy (which is bound to collapse any day now), some government leech organization that hassles legitimate small business owners to comply with regulations (that harm their profits).

What should we call it? The Commission for Exchanges and Securities? Exchange and Securities Commission?

A self regulatory body is a good thing. Micro companies cant afford the hundreds of thousands to millions of dollars that it costs to IPO on a fiat stock exchange.