No, you didn't even acknowledge the existence of securities regulation in your original comment, even though the whole premise of it was that things like Grams are, like "wildcatting", legitimate businesses. Only after you were challenged about the existence of securities regulation did you reveal your real position, which is that you believe those regulations lack validity.
That latter argument is, of course, your real point. You could have made it directly. Why didn't you? Why did you instead pretend that it was obvious that Grams should be lawful, because "wildcatting" is?
I was responding to the analogy about gold mining in my original comment. Why would I randomly bring up securities regulation? I think you might have lost the thread a bit.
Switch: securities regulation is unjust.