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Comment by nitsuaeekcm

You can’t join unless you’re an accredited investor. That’s because, like for many other fun similar things, the enterprise passes the Howey Test and is considered a security under the Securities Act of 1933.

It’s funny how they try to disclose-away the problem at the bottom, even though they’re obviously worried about it enough to block retail investors (if a security only sells to accredited investors, you can basically do whatever you want.)

https://www.uclalawreview.org/here-comes-the-sun-how-securit...

parent nitsuaeekcm 4 years ago

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