Eighteen months of agency enforcement actions form a paragraph, not a list, if you read them in order. The agency is telling you in public what it is going to do next. You just have to know which paragraph to underline.
Akerlof's 1970 model of asymmetric information predicted what is now happening to the peptide market. The fix it allows is third-party attestation, and only one shape of it survives.
Exit scams are not behavioral failures. They are arithmetic. The numbers a vendor watches before walking away are public, and they show up in customer-service latency weeks before the website goes dark.
Two consumer categories have walked the same regulatory arc in the last twenty years. Peptides are at the end of act two. The script for act three is already public, if you know where to look.
The certificate of analysis tells you about the lot. The lot identifier tells you whether the COA is yours. The chain-of-custody gap between the two is where most consumer-side fraud lives.
Goodhart's Law says a metric stops being a good metric the moment it becomes a target. The certificate of analysis crossed that threshold somewhere in 2024. The fix is not a better certificate.