Please see comments.
Pass a regulator-imposed test of your specialized investment knowledge
-- This should be a few questions, not complex, just a couple basics.
Demonstrate a high net worth
-- Not high. $2,000 or something like that.
Get special approval from your broker
-- Not special approval, just the broker sees the $value, asks the questions, and then approves.
Attest to reading certain materials
-- Ok, kinda like options.
Go through cooling off periods during which you cant invest
-- Maybe a business day?
Restricting people based on assets and income is discriminatory and favors the rich to get richer and the poor can't even play the same game.
Michael Peele Comment On Regulatory Notice 22-08
Please see comments.
Pass a regulator-imposed test of your specialized investment knowledge
-- This should be a few questions, not complex, just a couple basics.
Demonstrate a high net worth
-- Not high. $2,000 or something like that.
Get special approval from your broker
-- Not special approval, just the broker sees the $value, asks the questions, and then approves.
Attest to reading certain materials
-- Ok, kinda like options.
Go through cooling off periods during which you cant invest
-- Maybe a business day?
Restricting people based on assets and income is discriminatory and favors the rich to get richer and the poor can't even play the same game.