The accredited investor requirement is right on. It doesn't stop crooks who don't care about law, but without it we'd have rampant 1920's-style fleecing of indi

The accredited investor requirement is right on. It doesn't stop crooks who don't care about law, but without it we'd have rampant 1920's-style fleecing of individuals by smooth talking con artists. That's not to say there aren't some wealthy people out there whose only successful product was stock, but at least they were forced to do it through proper channels and often endured the boilerplate shareholder lawsuit that's in the top drawer at certain law firms during economic downturns.