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by nradov
2316 days ago
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Anyone already can invest through the simple expedient of lying about their assets and income. I know people who did this in order to invest in pre-IPO stock. Some financial services companies do minimal verification, and even if an unaccredited investor gets caught there's no real punishment. (I am not recommending breaking the law.) |
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And if you lie, you (righly) don’t get the default protections available to small investors.