I guess the SEC made an error then.
Would that be the first time? Just askin.
If they are living up to their agreement then it isn't a scam unless the agreement is somehow misleading or deceptive in nature. If noobs are jumping in without reading the fine print then that's on them. Hope they learn from the experience. Not defending or attacking them, don't know anything about them. But newbies often cry "SCAM!" when they lose their shirts by jumping in flatfooted when they probably should not even tiptoe in. "But nobody TOLD me I wasn't gonna win! I paid good money to be a big winner! And I LOST!!! NOT FAIR! WAAAAAAAAAAAAAHHHHHHHHH!!!!! I WANT MY LAWYER!"