Earlier quoted context omitted.
Correct. That's why we have an established, well worn process for raising funding for your business. You raise from accredited investors by selling the highest-risk equity, then as you become more mature, you raise from bigger, less risk-tolerant entities. Eventually, you're in a position to publish financials regularly, and raise money from a broader audience ("go public"). Your itemized list is why we do it that wa…
Yet letting Uber's bag holders dump their stock on the public was ethically correct? Don't pretend our current system of only letting the rich get richer by banning access to early-stage ventures is the best society can do.
It's not, but that's not the point. Offering unfettered access to investing with zero regulation is exactly how more of the Bernie Madoff's of the world would exist. You think the rich are getting richer under the current system now? Just imagine the number of grifter's that would get richer by swindling large swathes of common folk.