I strongly disagree. There is no need for this. If you don't trust an issuer or you don't like the lack of financial information, then don't buy the shares.
How could more information for investors possibly be a bad thing?
There are certainly valid arguments against the idea (mostly from the issuers' perspective), but the "if you don't have blind faith, don't buy" bit of sophistry is not one of them.
I don't believe that more information is a bad thing. I believe that
requiring more information is a bad thing. In my opinion, regulations should only be applied as a last resort because they generally cause more problems than they solve. Regulations are certainly the worst response to problems like this that are not well-defined.