This limitation feels nothing more than an attempt to prevent experienced retail investors from investing in funds that can be used as a hedge in case of a market downturn. Additionally, public investments should be available to all the public and not just a privileged few.
Corey Heldreth Comment On Regulatory Notice 22-08
This limitation feels nothing more than an attempt to prevent experienced retail investors from investing in funds that can be used as a hedge in case of a market downturn. Additionally, public investments should be available to all the public and not just a privileged few.