Re:The SEC “Modernizes” the Accredited Investor Definition
by jrumbut on Friday November 20, 2020 @12:11AM
(#25157487)
Regarding allowing small-dollar investors access, isn't this amply accomplished by the public markets? Am I misunderstanding you?
You can get a diversified (fractional share) portfolio today with a minimum deposit on the order of $10. That seems more than adequate.
I can dream up any number of scenarios where allowing someone with $10k to invest in a certain private business is good for everyone (something local or specialized, for instance), but these are outweighed by the risks of opening the door to all sorts of exploitation of investors without even the little bit of protection the public market standards supply.
You can get a diversified (fractional share) portfolio today with a minimum deposit on the order of $10. That seems more than adequate.
I can dream up any number of scenarios where allowing someone with $10k to invest in a certain private business is good for everyone (something local or specialized, for instance), but these are outweighed by the risks of opening the door to all sorts of exploitation of investors without even the little bit of protection the public market standards supply.