The point of accredited investing is to lock the middle class out of the market.
If the law was really about "protecting people", then gambling and the lottery would also be illegal.
Also, why can't I sign a paper saying I accept the risk of investing? Why can't I become an accredited investor by passing a class? I can pass a series of classes to become an EMT and be trusted with peoples lives, but no classes are sufficient to educate me about investing in startups.
When you look at how the accredited investor laws are structured, its clearly meant lock the middle class out of the market
If the law was really about "protecting people", then gambling and the lottery would also be illegal.
Also, why can't I sign a paper saying I accept the risk of investing? Why can't I become an accredited investor by passing a class? I can pass a series of classes to become an EMT and be trusted with peoples lives, but no classes are sufficient to educate me about investing in startups.
When you look at how the accredited investor laws are structured, its clearly meant lock the middle class out of the market