Mostly and not all, there are still more finished ICOs that have their business actively running.
Unregulated ICOs are mostly subjected to Scam Accusation. All ICOs are unregulated though but ICOs who have ANN Thread and has a bounty and also pays on BTC with good marketing are still subjected to being a SCAM Coin. Most of the Coins now and ICOs are just for pump and dump schemes which is very common on a coin. Regulations from Different country, helps the Bitcoin and CryptoCurrency Community to minimize the ICOs that can Scam the investors.

Yes it does, what do you call the people creating threads on scam accusation board providing evidences that an ICO is a scam?
I suggest that people who invests should also learn how to research and detect what is a real ICO and a scammy-trashy ICO is.