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Maybe I'm missing some context, but isn't that just an accurate statement of fact? There are, indeed, consumer protection laws that only apply to people who do
by tikhonj 12y ago
Maybe I'm missing some context, but isn't that just an accurate statement of fact? There are, indeed, consumer protection laws that only apply to people who do not either make a certain amount of money per year or have a certain level of assets. This is the notion behind accredited investors[1], and I wouldn't be surprised if more esoteric laws have other similar sorts of exceptions. (There are definitely laws the deal with small businesses differently than with large corporations, for example.)
[1]: http://en.wikipedia.org/wiki/Accredited_investor http://en.wikipedia.org/wiki/Accredited_investor
- dreamweapon 12y agoThat is true (and definitely a valid point). But still, we have to wonder why the regulator tried to hush her up in that situation.