It is the job of regulators to coerce the market, through regulation, into one that is less harmful to consumers.

It is unreasonable to expect every consumer to be an expert in every commerce transaction that takes place in their daily lives.

The main purpose of capitalism is to shift blame onto the consumer. You didn't want your new lawn mower to maim you? You should have done your research, it's your fault.

Once captured, the regulators coerce the market, through mis-regulation, into one that more effectively captures consumer value for certain producers.

Is the price of specialization and sophistication the movement of decision power away from the source of decision quality information? I find it paradoxical to use regulation as a response to the fact that "it is unreasonable to expect every consumer to be an expert" in that it is likewise unreasonable to expect regulators to be expert in the context and values of each individual consumer.

Consumer ignorance is not an excuse for a crappy market. Consumers should have access to advice from a third party.

When I want finical advice I hire an expert that gets paid the same no matter where I invest my money, because his incentive is to give me the best advice so I stick with him. If I get finical advice from someone that gets commission based on selling specific investments then the advice is more likely to be less than the best.