Re:Do Kwon in more trouble
by robocat on Saturday June 11, 2022 @03:17AM
(#31702631)
> The SEC’s “accredited investor” laws are often criticized as discriminatory, since they legally restrict some of the best investment opportunities to only the 1%.
Note: the “accredited investor” restrictions are for US persons. I think foreigners don’t have the same restrictions (although the max 500 investors rule is likely to kick in instead if too many small foreign investors). For example[1] “The Investor is: (i) an ‘accredited Investor’ as such term is defined in Rule 501(a) of Regulation D under the Securities Act; or (ii) not a U.S. person within the meaning of Rule 902 of Regulation S under the Securities Act.”
Re:Do Kwon in more trouble
by Nursie on Saturday June 11, 2022 @03:28AM
(#31702675)
Correct, different countries have different laws in this area, but many/most have some sort of provision about what can and can't be marketed to the public as an investment, and how that marketing looks.
Note: the “accredited investor” restrictions are for US persons. I think foreigners don’t have the same restrictions (although the max 500 investors rule is likely to kick in instead if too many small foreign investors). For example[1] “The Investor is: (i) an ‘accredited Investor’ as such term is defined in Rule 501(a) of Regulation D under the Securities Act; or (ii) not a U.S. person within the meaning of Rule 902 of Regulation S under the Securities Act.”
[1] https://www.sec.gov/Archives/edgar/data/1693656/000110465919...