The Stock Market in and of itself is the doom of the true FME. By allowing common man easy access to the information given in the SM, you doom your FME to eventual regulation when it crashes in on itself, an inevitability with the Stock Market itself. The crash of 1929 wasn't so much a single happening, it was that once the selling started and people noticed the stocks dropping, everyone sold and crashed the market. No one bought because everyone knew the outcome. Competition is defeated. Once you introduce the SM, you then subsequently doom yourself to required regulation.