Pffff...some people like to live in a fantasy world. I guess it is healthier as you have less stress but make no mistake, the real world is different and uglier.

Pump and dump schemes happen at all levels of the chain. Some are less obvious and even legal(i.e the banks just "support" the stock up to a certain level) but many are just plain dumb pump and dump (a la crypto style).

Of course regulators issue "warnings" and in a best case scenario you may get a useless congresional hearing like you've got with the GME saga. I don't really think you should trust the regulators doing their job more than you should trust a crypto exchange or ICO owner. You have to do your due diligence or you get fu** in plain sight and nobody really cares. I like crypto because you know what you get(i.e no assurance).

https://www.reuters.com/markets/us-regulator-warns-pump-and-...