It's straightforwards knowing when deals exist when you're actually allowed to invest in them. Then you can just get to know your neighbors and they will be abl

It's straightforwards knowing when deals exist when you're actually allowed to invest in them. Then you can just get to know your neighbors and they will be able to raise money from you. More importantly, these regulations mainly impact poor communities. If you are a potential business owner in a poor community, you are forced to secure funding from people outside your community, even if you could probably find enough investors within it, who you already know, who could contribute a bit. Thus, imagine a kid growing up in a poor minority community. When they grow up and want to start a business, will they be able to exploit relationships with the older people they already know? No, because securities law limits the number of such investors they can take on to 35, and requires that these 35 be intimately familiar with the business. Instead, this minority child will have to request funding from rich people who may be culturally slightly different than they are and who they do not know.