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The lack of regulation for WOOD & Co significantly impacts its legitimacy from an investor protection standpoint. Regulatory bodies ensure that financial services firms comply with industry standards, safeguarding investor interests. Without this oversight, WOOD & Co cannot offer the same level of transparency or legal protection that regulated firms provide. This means that while the company may have a long track record of operations, there is a higher risk of mismanagement or fraud. For anyone considering investing or working with WOOD & Co, it is essential to weigh these risks carefully.