[idoby]

I don't see you complaining about, for example, brokerages, dealers and exchanges providing liquidity by fulfilling your orders even though the market won't at a given point in time. This can prevent a security from falling or rising in value where it otherwise would have, and directly works against an investor who was hoping for a rise/fall in price.

Regulators don't work "for investors", they work for lobbyists, they want to keep the markets running, and for any given policy, someone will win and someone will lose.

I don't see how the Hertz decision is any different, except I do see how taking the opposite position can hurt the markets, either by creating a chilling effect on low-mktcap companies listing or by creating uncertainty in the legal environment, which investors really don't like.

Just look at the number of Israeli companies who won't list in their home turf, TASE, or companies who have and pulled out. A lot of it has to do with TASE imposing unreasonable requirements. Otherwise raising money domestically would be a no-brainer.