Everytime new retail investors do something stupid, lawsuits fly and congress/washington gets on the bandwagon to curtail the free markets. Facebook is a perfect example, no one put a gun on the head of the unwashed masses and told them to buy. Yet they did and now they cry. They failed to do things like read the Prospectus on thursday for example etc.. My plan. Require anyone who wants to open up an account with TD,etrade,etc.. to get a basic traders license. Similar to how people need to get a drivers license before they can drive. Cover basic topics like what an S-1 filing is, how to go to edgars and look them up. Basic topics like P/E ratios,penny stocks,what OTC means, etc.. insure a basic level of knowledge and education. An educated customer is a better customer.