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> The reason for the accredited-investor regulation was to prevent people from putting all of their wealth into risky investments they know nothing about and be
by chrismonsanto 13y ago
> The reason for the accredited-investor regulation was to prevent people from putting all of their wealth into risky investments they know nothing about and being left destitute.
Perhaps limit the amount that can be invested without accreditation?
- wwweston 13y agoPro: few people are likely to get scammed out of life-damaging amounts of money. Con: might lead to a system where some scammers are skimming small amounts from large numbers of people, but not causing enough pain to do something about it.