4 ms·
Proposal comments to post: all current and former FINRA and NASD license holders should be eligible as accredited. A new unsponsored FINRA test for this specif
by rolltiide 7y ago
Proposal comments to post: all current and former FINRA and NASD license holders should be eligible as accredited.
A new unsponsored FINRA test for this specific purpose should be created as well (doesnt need to be in a federal proposal, just what can happen)
Finance and econ degree holders eligible too
I think this still sets the bar too high. There needs to be some way to opt out of the paternalism and take a chance in the securities market.
People are going to lose their shirts, just add a little disclaimer just like in public markets and on gambling posters.
Sometimes this will be an efficient allocation of capital for issuers that VCs dont share affinity for.