No. The purpose of "accreditation", like all regulations, is to distort the market for investment in favor of established interests, namely the friends of the p

No. The purpose of "accreditation", like all regulations, is to distort the market for investment in favor of established interests, namely the friends of the politicians in power at the time they passed the law. This profits politicians as well, by giving them a favor to trade, to the detriment of startups and small time investors across the country. You can lose $20,000 in a weekend at a casino, but you can't invest it in your brother's startup.