I don’t think security tokens are a silver bullet, either. While they may be compliant from a regulatory standpoint, investors still need to assess what security interests they receive through ownership and the risks:

If it’s voting rights in management decisions, are there different classes for voting purposes, and can the votes of the common class be easily outweighed by preferred class?

If it’s dividends, do preferred class holders get paid out before common class holders?

Most importantly, how does the enterprise intend to make a profit? Is the business model viable? What’s the advantage to using a security token rather than a traditional form, like a stock certificate?

All investments carry risks, and it’s incumbent upon investors to fully understand them. Simply complying with security regulations is no guarantee of profitability.