The accredited investor stuff exists not to keep the rich folk rich, but because the SEC doesn't give a fuck if rich people fall for scams. They care if Grandm

The accredited investor stuff exists not to keep the rich folk rich, but because the SEC doesn't give a fuck if rich people fall for scams. They care if Grandma living off a fixed income sinks her life savings into the latest ICO fad, loses everything and has to eat cat food for the remainder of her years -- not only does that fuck over Grandma, but it fucks over society. If Joe Millionaire falls for some dumbass ICO scam... too bad, so sad.