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Without adequate regulation, new financial markets, such as the spot market for RINs, are vulnerable to fraud.
FORBES: The Rise and Imminent Fall of Biodiesel
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What particularly galls state inspected meat processors is that meat and poultry from 34 countries, including Australia, Croatia and Mexico, can be freely shipped and sold anywhere in the U.S. on the grounds that those countries have adequate regulation.
FORBES: Magazine Article
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There is no reason why the same should not be true for pensions, although the need for adequate prudential and saver-protection regulation will clearly remain.
ECONOMIST: Latin lessons on pensions