To me accredited investor laws are just needless paternalism – this idea that people can't be trusted to make decisions with money that belongs to them. There are lots of ways to spend your money frivolously, plenty of bad scammy public companies, and scams are punished via other avenues (fraud litigation).
To me accredited investor laws are just needless paternalism – this idea that people can't be trusted to make decisions with money that belongs to them. There are lots of ways to spend your money frivolously, plenty of bad scammy public companies, and scams are punished via other avenues (fraud litigation).