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A comment on SEC due to review the definition of accredited investor. Parent comment

Re:SEC due to review the definition of accredited investor by cjensen on Monday July 07, 2014 @04:49PM (#8001306)
How do we let you invest in a business venture without preventing hucksters from getting Grandpa's investment in their sure-fire investment?

Preventing you from investing is the unintended consequence of preventing con-men from stealing retirement savings. In this case, I think the regulation is well-worth the cost.

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Re:SEC due to review the definition of accredited investor by bagels on Monday July 07, 2014 @04:54PM (#8001338)
If it's to protect old people why is that not part of the law?

To those downvoting: This is a response to those who use the terms 'grandma' and 'grandpa' in their comments, not an avocation of these laws, or age discrimination.

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Re:SEC due to review the definition of accredited investor by daurnimator on Monday July 07, 2014 @04:56PM (#8001353)
Because discrimination based on age is illegal (and looked down upon)?

anyway: It's not only the elderly that can be conned

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