I agree, "buyer beware". However there are so mnay seniors and those who have very little life experience that get sucked up in the scams it might be worth it to put some of the scammeers behind bars. Same thing for those who call up accusing folks of owing money and threatening to sue them … Read more

The term you're looking for is caveat emptor,  "let the buyer beware".

It doesn't need regulation, Otis. It's up to the buyer to pay attention to the details.