Regular people who want to lose their life savings can still do so via overleveraged real estate, investing informally in small businesses, margin daytrading, s

Regular people who want to lose their life savings can still do so via overleveraged real estate, investing informally in small businesses, margin daytrading, sports betting, purchasing vanity higher education credentials, and nowadays, cryptocurrencies/cryptotokens. So, this won't cause any more people to lose money, but it may change the mix of things they lose it on. And because this will also open to non-wealthy people many good deals in above-board companies, that have been scrupulously following the law & attracting rich sophisticated investors, it will also benefit those well-behaved companies and their less-rich friends, family, supporters, & customers – a win for society.