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it is not the SEC's responsibility to protect accredited investors from taking risks, it's essentially the meaning of the term
by fsckboy 3y ago
it is not the SEC's responsibility to protect accredited investors from taking risks, it's essentially the meaning of the term
- greyface- 3y agohttps://www.sec.gov/our-goals https://www.sec.gov/our-goals says: > The SEC’s long-standing three-part mission—to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation The Securities Act of 1933 contains the phrase "protection of investors" 27 times. It's quite literally part of their mandate.
- fsckboy 3y agowhere's the word "accredited"? and I said "from taking risks", so where does it say that? words matter, as you are trying to indicate. Accredited investors are allowed to take risks without the level of oversight that "naive" investors are given. Selective quoting does not change that.