Re: Nonsense on several points:
I agree with Milton on this one. The 4 cases cited by grasshopp3r involve large and/or publically traded, in US no less, companies. These cases and others convince me that if some company wants to cheat, then it will ignore any laws or regulations. The other problem is that even the US legal system is bad at compensation of victims. How many victims of these scandals have received compensation.
Thinking they are protected, people tend to over rely on laws and regulations, rather than caution. Thus, they tend to invest too heavily in companies that employ them and the so-called hot investments.
If online poker is regulated, then people may keep too much money in 1 site or ewallet and get wiped out by a cheating company. I never keep more than about 25-30% of my bankroll in any one site or ewallet. If I had more choices and it was easier to move money from my bank to ewallets to poker sites, then I would lower these percentages. This caution is better than any regulation.
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