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Crowdfunding development is interesting in that it starts taking away limitations for lower income investors. Securities regulations protect lower income investors by limiting which investments they can participate in. Terms such as "sophisticated investor" or "qualified purchaser" have legal definitions that control what securities investors are allowed to purchase. Ask your broker about getting in on the next hot IPO to learn more about their definition.
A sophisticated investor is deemed to have sufficient investing experience and knowledge to weigh the risks and merits of an investment opportunity. In reality I believe the "proof" is a net worth over $1 million or a yearly salary of over $200,000.
I believe the "qualified purchaser" status requires a net worth of over $5 million.
I understand why these regulations make sense for some investors, but many doctorate level economics professors don't make $200,000 per year. Some might argue this type of restriction keeps upper middle class seperated from the 1%-ers.
There was legislation to increase the limits for inflation since initial passage, but I do not know if that was enacted.
Crowdfunding development is interesting in that it starts taking away limitations for lower income investors. Securities regulations protect lower income investors by limiting which investments they can participate in. Terms such as "sophisticated investor" or "qualified purchaser" have legal definitions that control what securities investors are allowed to purchase. Ask your broker about getting in on the next hot IPO to learn more about their definition.
ReplyDeleteA sophisticated investor is deemed to have sufficient investing experience and knowledge to weigh the risks and merits of an investment opportunity. In reality I believe the "proof" is a net worth over $1 million or a yearly salary of over $200,000.
I believe the "qualified purchaser" status requires a net worth of over $5 million.
I understand why these regulations make sense for some investors, but many doctorate level economics professors don't make $200,000 per year. Some might argue this type of restriction keeps upper middle class seperated from the 1%-ers.
There was legislation to increase the limits for inflation since initial passage, but I do not know if that was enacted.