Despite what many traders, especially new traders, like to believe, the United States regulatory environment is extremely counter-productive and should not make any trader feel safe. This may be one of the best examples that regulation does guarantee traders that they are being protected against fraud as it appears that the brokers who mistreat their clients, in other words you the trader, often come from heavily regulated countries. The US is a prime example as the brokerage industry has been plagued by scandals and fines.