Ultimately this is a matter of opinion. We the society have decided that the people need to protected from, well, the people.
Personally I prefer it this way. I want to assume that foods for sale won't poison me, investment products for sale aren't 100% scams, vehicles won't explode on me, etc.
I'm not saying it should be a free for all on everything, I'm saying we should have leveled playing field when it comes to investment and the opportunity for people to better their lives ... why only a handful of people have the opportunity to make a 100x investment and not others ? because of risk?! well investing in the stock market is also a risk ... everything is a risk! the solution is to make sure people understand these risks and have the tools to hedge against them.
like if I go bungee jumping I know for a fact that one of the outcomes might be death but I should be able to assess for myself what are the chances of that happening I do NOT want the government forbid bungee jumping because I might die.
Personally I prefer it this way. I want to assume that foods for sale won't poison me, investment products for sale aren't 100% scams, vehicles won't explode on me, etc.