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A comment on Notes on ConstitutionDAO. Parent comment

Re:Notes on ConstitutionDAO by disruptalot on Friday November 19, 2021 @03:46AM (#29275119)
Can you explain the history of accredit investor laws and how they were designed to keep out criminals? I thought they kept out retail, i.e. the less wealthy.

Criminals are traditionally the opposite and have "legitimate" funds that they have washed through and through using the existing financial system.

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Re:Notes on ConstitutionDAO by arcticbull on Friday November 19, 2021 @03:16PM (#29281805)
Well the OFAC list and AML/KYC laws do that. Accredited investor laws are to stop poor people from getting rekt by snake oil salesmen which led to the Great Depression.
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