It's definitely not nonsense. Strong markets require strong regulation.
As an example, I used to write software for a company that traded derivatives. The markets we were on all had extremely strong internal regulation. Everybody who traded knew not to fuck with the exchanges. And that's what made them great places to trade: you could trust the outcomes.
It's very similar with investing. Investors are putting in money in exchange for a piece of something with clear risks. The murkier the risks get, the harder it is to get investment money. If, e.g., half of NYSE stocks were scams, investors would put in a lot less money, because their risks would go up, and that risk would apply to every stock in the exchange, because bad actors would of course try to make scams look like good companies.
So it really isn't about you or your daddy issues. It's in the NYSE's interests to keep scammers stocks off their exchange. It's also in the interest of most people who list or trade on that exchange. The same pattern applies more broadly to national markets as well.
As an example, I used to write software for a company that traded derivatives. The markets we were on all had extremely strong internal regulation. Everybody who traded knew not to fuck with the exchanges. And that's what made them great places to trade: you could trust the outcomes.
It's very similar with investing. Investors are putting in money in exchange for a piece of something with clear risks. The murkier the risks get, the harder it is to get investment money. If, e.g., half of NYSE stocks were scams, investors would put in a lot less money, because their risks would go up, and that risk would apply to every stock in the exchange, because bad actors would of course try to make scams look like good companies.
So it really isn't about you or your daddy issues. It's in the NYSE's interests to keep scammers stocks off their exchange. It's also in the interest of most people who list or trade on that exchange. The same pattern applies more broadly to national markets as well.