Comment by IIAOPSW

I know saying this makes me unpopular, but I think maybe the best solution is to just leave things unregulated and let dumb money get burnt. The "this is FUD" crowd will never learn their lesson if the people teaching them get prosecuted. If someone wants to loose money on blatant scams with many warning signs, I say let them. If I want to take my life savings and put it all on red, that's my prerogative.