It's important that the identity of the person who is selling this asset has been verified. We do however recognise that some users prefer for this not to be the case. As a result we provide users with the information about the asset sellers identity to make the appropriate decision.
Please, stop allowing unverified persons to release IPO's to the market.
I actually would disagree on that. I would put certain limits on unverified assets though.
I think the verification is a little lax. The most important thing is a photo ID, but even with all this information what is going to happen if someone scams? I agree that a better idea is to do limitations on unverified assets. Such as making a capitalization limit for unverified users, limit them to only 1 asset and so forth. Another measure is to add a asset issuer contract and an mediation clause such as with judge.me.
Cut the crap already, I don't think it should be the responsibility of the exchange to enforce identification of issuers. It's nice enough they offer the feature.
Be a man, do your own due diligence and don't come crying when you invested in the wrong asset.
Fuck regulation!
EDIT: stochastic: isnt this something you as a broker could offer?
I sense a little hostility, anyway I am not a broker, I only promote brokerages to form. I would love to make one but I don't have the time right now.
Also, I don't see what is wrong with private company of a private exchange creating private regulations. People are free to use and issue assets on the exchange or not. I bet most people dont' look at the verification at all and mostly from their trust using the reputation of the issuer in the bitcoin community anyway. I do think there should be some kind of asset issuer contract between GLBSE and the issuer.
This market would be similar to the pre 1930's stock market:
... a strikingly information-starved environment. Many firms whose securities were publicly traded published no regular reports or issued reports whose data were so arbitrarily selected and capriciously audited as to be worse than useless. It was this circumstance that had conferred such awesome power on a handful of investment bankers because they commanded a virtual monopoly of the information necessary for making sound financial decisions. Especially in the secondary markets, where reliable information was all but impossible for the average investor to come by, opportunities abounded for insider manipulation and wildcat speculation.
