[stevehawk]

Because they need you to sit back and go "damn what a bummer" when your investment nets you a $1000 loss, instead of it being something that would want you to sue.

[hereforphone]

That happens to me all the time in the stock market and I don't have close to 1MM

[ac29]

You take 100% losses "all the time"? That's the risk being discussed, not taking a $1000 loss on a $50,000 investment.

[windthrown]

No this is not arbitrary, accredited investors have a specific set of requirements they need to meet in the US: https://www.investopedia.com/terms/a/accreditedinvestor.asp

[teucris]

Is that attitude limited to millionaires? I know a lot of people who have $1000 to invest who are nowhere near having a million dollars in assets.