I am already very disappointed with existing Accredited Investor laws. This prevented me from buying many shares of companies pre-IPO, which have since soared. Simply because I did not have enough net worth.
If I had made these investments, I could likely now qualify as an accredited investor.
More regulation in this regard stifles freedom for small investors, and assumes all are idiots.
Michael Daud Comment On Regulatory Notice 22-08
I am already very disappointed with existing Accredited Investor laws. This prevented me from buying many shares of companies pre-IPO, which have since soared. Simply because I did not have enough net worth.
If I had made these investments, I could likely now qualify as an accredited investor.
More regulation in this regard stifles freedom for small investors, and assumes all are idiots.