The freer the market, the freer the people
In my opinion, if you leave the market free, both good and bad things will happen, but I think that most of them will be bad.
I do believe that if market will be free - a lot of mistakes will be made, however after some time most of people will understand what they need to do in order to use free market without being scammed/losing own funds.
But until market is free most of our society won't even bother themselves to learn such things.
Thus being said - freer the market, freer the people. Sounds delightful, but in reality free market would be hard to live with.
You are right. The market needs to have rules or boundaries for every person involved in that market to avoid scammed or losing their funds. Maybe the free market means people can choose where they want to buy and sell, and where they want to export or import it. So even if it is a free market or not, people still need regulation to control the market situations, so everything can be managed without having a problem.