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In what way has Congress forbidden poor people from buying shares in companies?
by pekk 14y ago
In what way has Congress forbidden poor people from buying shares in companies?
- InclinedPlane 14y agoBy making laws against it. Anyone can buy as many shares of a publicly traded company as they want, but investment in privately held companies is severely regulated and generally limited to only the very rich (in the top 3% of income earners). Even after the JOBS act goes into effect people making less than $40k/yr would only be able to invest 2% of their annual income ($800/yr) in such companies legally.
- angryasian 14y agoI think it has to do more that how can anyone make an informed decision on investment if private companies are not required to release financial data.