3 ms·
Parent is referring to the accredited investor definition in the US [0] specifically ($1M+ in assets as one test), but more broadly to similar financial gatekee
by ethbr0 5y ago
Parent is referring to the accredited investor definition in the US [0] specifically ($1M+ in assets as one test), but more broadly to similar financial gatekeeping.
I'm skeptical it's an overall social good to remove guard rails that prevent sophisticated sellers from fleecing unsophisticated buyers (say what you want about the SEC, but they do enforce some rules), but I agree the current scheme prevents all people from equally freely investing in all opportunities.
[0] https://www.investopedia.com/terms/a/accreditedinvestor.asp https://www.investopedia.com/terms/a/accreditedinvestor.asp
- dagmx 5y agoThanks for the link. I do agree that playing without guardrails is problematic.