Earning the Right to Get Swindled
https://www.bloomberg.com/view/articles/2018-09-24/earning-the-right-to-get-swindled [www.bloomberg.com]
2018-09-26 18:11
What kind of company do you think will want to raise $1,000 at a time from poor-but-credentialed investors, but won’t want to go public? Is the answer “the very good and fast-growing kind”? Really?
I have written before about my own fantasy for consumer securities regulation, which would solve all of these problems but which would probably face some political hurdles in getting enacted.
Anyone can also invest in any other dumb investment; you just have to go to the local office of the SEC and get a Certificate of Dumb Investment.
source: ML