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They seem to want to do things properly wrt SEC. That would mean only advertising to accredited investors.
by tonfa 9y ago
They seem to want to do things properly wrt SEC. That would mean only advertising to accredited investors.
- CryptoPunk 9y agoThanks to securities laws, the rich get richer, and the poor have to wait for the scraps. Ideally the SEC's mandate would be limited to going after P&D groups and other scams, and no longer include enforcing restrictions on selling securities to unaccredited investors as a non-public company. If the poorest households are allowed to spend 9% of their income on lottery tickets, I don't see the justification for preventing unaccredited investors from investing in whatever they want. All it does is eliminate the long-tail of small companies and nonprofessional investors from participating directly in a key sector of the economy.
- deleted 9y ago[deleted]