We already have tons of state laws against fraud and misrepresentation. Federal law, as well. It is common knowledge with most investors that they shouldn’t put all their eggs in one basket, but you still want to create levels and levels of government to protect these people, in turn driving business and jobs from this country and increasing state and federal taxes, as well?
Thankfully, most policy makers don’t share this view and most of countries competing with us internationally have embraced deregulation.
