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That's one side. The other side is that gains to the upside (private equity, other alternatives only available to accredited investors and QP's) aren't availab
by mancerayder 5y ago
That's one side.
The other side is that gains to the upside (private equity, other alternatives only available to accredited investors and QP's) aren't available to the masses, which further feeds the gap.
Didn't they change the rules so you don't need 200K salary / 1M in non-house assets to be an accredited investor, but you need to pass one of the financial services exams (Series 7, etc.)?
- c_o_n_v_e_x 5y agoAs of December 2020, if you have a series 7, 63, or 82, you now qualify as accredited. https://www.sec.gov/corpfin/amendments-accredited-investor-definition-secg https://www.sec.gov/corpfin/amendments-accredited-investor-d...