I think most consumer electronics are advertised reasonably, and it's fairly easy for consumers to evaluate advertising claims there.
On the other hand, health products / dietary supplements seem woefully under-regulated, especially since the layperson seems to have great difficulty in evaluating health claims. It seems crazy that dietary supplement and drug advertising are treated so very differently.
So, I think in some areas we need better advertising regulation, but not across the board.
More importantly, my point is that I'm not holding my nose up at my former colleagues. Without the second half of my post, the first half could be read as having a very judgemental tone.
Do you think the adtech industy is "well-regulated"?