Comment Comment by stale2002 There is a better way to think about this.What the SEC cares about is whether uninformed investors are being ripped off.What matters way more than the letter of the law is whether people are being scammed.Ans I don't think this is a bad thing. The whole POINT of these laws in the first place is to protect people from being ripped off.And if you ARENT ripping people off, then the government probably won't go after you.Fairness isn't the purpose. The purpose is to protect people.And if you don't hurt anybody, well what was even the point of the law to begin with? No harm no foul is a perfectly reasonable philosophy. parent stale2002 8 years ago
What the SEC cares about is whether uninformed investors are being ripped off.
What matters way more than the letter of the law is whether people are being scammed.
Ans I don't think this is a bad thing. The whole POINT of these laws in the first place is to protect people from being ripped off.
And if you ARENT ripping people off, then the government probably won't go after you.
Fairness isn't the purpose. The purpose is to protect people.
And if you don't hurt anybody, well what was even the point of the law to begin with? No harm no foul is a perfectly reasonable philosophy.