It sure feels like that, but the general spirit of the law is that they don't want fundraisers putting up TV ads to invest in <insert company>, which end just b

It sure feels like that, but the general spirit of the law is that they don't want fundraisers putting up TV ads to invest in <insert company>, which end just being scams. This is actually the spirit of accreditation - it's more to do about how you promote securities as opposed to simply filtering out a portion of the population due to net worth.