All those things are necessary and are a product of people cheating the system. Because people are the way they are, most will try to get ahead by doing anything. So now we have regulations preventing the cheaters doing business. This is a good thing and a bad thing. But to have it the other way around, no regulations, then expect to get scammed much more often.
Bullshit, you speak as if Regulation eliminates scams, or at least reduces them.
Not it doesnt, not even on Wallstreet , which is regulated to the teeth, by at least 5 agencies.
Madoff still run his ponzi for I think 30 years.
Atleast in an unregulated world, good people can get ahead, but in a regulated world, bad people wont be stopped. Do you get it?