Due Diligence for Older Americans/Canadians
There is a common theme to all of the submissions: individuals do not recognize what a security is and so do not know what information is available to them as a matter of right. This is also typical of the investor in the business opportunties scam or fraud; they fail to recognize their statutory rights. The reason for this is a trade-off between regulation and common law rights. Regulators can shut down "unregistered" business opportunities, investments and franchises easily, but it comes at the cost of the individuals understanding of what their rights are - they simply don't recognize the legal form of their investment.
This is probably the most difficult due diligence problem to solve: seeing the duck rabbit for what it is.
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