Yup, capitalism has nothing to do with it. Bizarre statement

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Feb 26, 2021
11:08:21pm

Jericho Truly Addicted User

Yup, capitalism has nothing to do with it. Bizarre statement

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Jericho

Bio page: Jericho
Joined: Apr 16, 2010
Last login: Jul 1, 2024
Total posts: 98,886 (9,226 FO)

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Messages

Author

Time

You know what really bugs me: Accredited Investor requirements.

CougaRR4L

2/26/21 8:48pm

Pattern day trading requirements also bother me

Heath Squashwell

2/26/21 8:52pm

I just had to study the accredited investor rules for trusts-ridiculous

2/26/21 8:58pm

Yeah dumb rule but don't blame capitalism for it. As you said

Ash

2/26/21 9:20pm

So give me another route to qualify for participation. It should be be

CougaRR4L

2/26/21 9:29pm

Yup, capitalism has nothing to do with it. Bizarre statement

Jericho

2/26/21 11:08pm

I obviously did not communicate what I intended. I meant

CougaRR4L

2/26/21 11:27pm

Keeping dumb people from losing their money would be a half-believable reason

GeraldGarner

2/27/21 5:28am

Most PE stuff I have done has pretty high minimum investment thresholds. But if you can meet those and can afford to...

Trent

2/26/21 9:23pm

If you find an investment you like, just do it.

Pasadena

2/26/21 9:33pm

Really? I just say I qualify? Those I know who have had to

CougaRR4L

2/26/21 9:41pm

Not in my experience. In my experience you just fill out the form. But you’d have to check one of the boxes representing

Trent

2/26/21 10:00pm

This is really intriguing news. Thank you.

CougaRR4L

2/26/21 10:17pm

A company can implement whatever checks it wants to verify accredited investor

Pasadena

2/27/21 12:24am

A bit of history

byujdmba

2/26/21 11:22pm

One more bit of history: the SEC has looked at changing this

byujdmba

2/27/21 8:06am

Interesting history. Thanks for the insight, very helpful.

CougaRR4L

2/27/21 10:54am

The purpose is reduce liability of those getting you to invest, it’s just a box

4mack

2/26/21 10:08pm

It’s the government’s fault, that’s a problem with statism not capitalism.

molodyets

2/26/21 11:09pm

Agree 100%. Miscommunication not intended here.

CougaRR4L

2/26/21 11:28pm

Got it. I see how it could be read that way. I’m annoyed by it too good to know it’s apparently just a formality

molodyets

2/27/21 12:00am

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