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This might be a dumb question, but why does the law require that an investor is "accredited"? Why does their income and net worth matter? If someone only made a
by hanley 13y ago
This might be a dumb question, but why does the law require that an investor is "accredited"? Why does their income and net worth matter? If someone only made a measly $100k last year and wants to invest in my company, why wouldn't they be allowed to?
- fecak 13y agoI believe it's to prevent lower net worth individuals from losing their life savings. The inability to make a big bet on a single company. Paternalism basically.