Hacker News new | ask | show | jobs
by summer_steven 3130 days ago
> Accredited investors requirement is what allows one not to be a subject to Blue Sky laws.

You think its a fair trade to lock 95% of Americans out of the investment market in order to protect the elderly?

New law: accredited investing means passing a 1 week course to obtain an investment license, which must be renewed bianually.

Now we can keep Grandma Suzy safe (because she hasn't passed the class) without locking 95% of Americans out of the investment market.

1 comments

I do not, frankly, care. Regulation should be uniform. If we do not care about Grandma Suzi being swindled by investment peddlers, we should allow people to invest into ICO and buyer beware. If we want to protect Grandma Suzi, we have rules and if a hot shot ICO investor wanna be happen to be hit by those rules so be it.