News for hackers. Stuff that matters.

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

Re:SEC due to review the definition of accredited investor by Nursie on Monday July 07, 2014 @05:21PM (#8001502)
Over here in the UK we don't seem to have this restriction.

There are lots of other laws about it, but you don't have to be rich to sink some cash in private equity schemes. We even seem to have sprouted a kickstarter for equity in the form of Crowdcube. Which I rather like because kickstarter always felt a bit wrong. If I'm micro-investing, surely I ought to be micro-profiting too, if the company takes off?

[ Parent | on HN ]
Re:SEC due to review the definition of accredited investor by tonnesoffun on Monday July 07, 2014 @05:23PM (#8001515)
It's comical that the $ amount requirements to invest haven't been adjusted for 30 years, but the real issue stems from the consequence of a rule created in the 80s. Tell me the last time you checked a stock price in a newspaper?!
[ Parent | on HN ]