Yay! This is a great idea, isn't it everybody? I mean, unsophisticated investors who barely have the time or inclination to understand how financial markets wo

Yay! This is a great idea, isn't it everybody? I mean, unsophisticated investors who barely have the time or inclination to understand how financial markets work (because the have jobs/families) are just about to get the right to invest in the "new new thing". Now, I'm all for free rights, but that is just insane! When people get a whiff of possible massive resturns - housing, stock, emerging markets, options, lottery tickets, IPO issues, etc. - they "invest" in them wishfully thinking that they have even the slightest idea as to what they are actually doing (some do - but most don't). These are exactly the wrong type people who should be running extreme risk capital (which is why we have VCs in the first place). These people will get slaughtered. If average people can barely handle relatively regulated and tested markets like stocks, houses and IPOs - how the hell are they going handle startups which have an insane signal to noise ratio in a rising market where "successful" funding can hide business model "failure". But hey! There's no bubble right? The IPO market is soft. But who needs an IPO market when you have massive liquid pools of dark private retail capital. The lambs are coming in for the slaughter and the wolves are salivating with glee! If I understand this correctly, this new law may just be akin to the repeal of Glass-Steagall in 1999 (http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act). Let the games begin!