And you can just not buy the shares. It's very straightforward.
Sure, but the SEC exists, in theory, to make that decision one you can make an informed decision on, because con artists don't typically put a disclaimer in that says "this is bullshit".
Most retail investors suffer from significant information asymmetry. We have regulations, in part, to mitigate this fact.
> Just because you think something is bullshit doesn't mean it is.
A point you yourself might remember when arguing on the internet.