[rrss]

Why is it unreasonable to have people in a government agency to address fraudulent colleges and stuff?

Do you feel the same way about the bureau of consumer protection in the US FTC?

[lmm]

You don't have to register or get a license from the FTC to open a business. At least I hope you don't.

[ffssffss]

It's not about the importance of the act of filing paperwork, it's the fraud of lying to customers that you are following the law and then taking their money. For what it's worth, I don't think prison would help. But maybe some non-dischargable liabilities and a ban from being a corporate officer would.

[austenallred]

If you were actually to commit fraud regulators can come for you whether you register or not. The act of registration is simply to make it easier to tell regulators what is happening.