I think yes. Because most of projects are run by people who have never had this kind of money, and they launch their $10 million ICO, and then they panic and often make a lot of mistakes.
It could be better if there will a group that would regulate the different ICO that are been launched and promoted in the bitcoin talk forum so that the investors which are interested to that ICO projects will not be a victim of scams, and members also will have their time in participating will not be wasted promoting scam ICOs, so I agree if the ICO should be regulated.