December 18, 2019
A lot of investors lie about being an accredited investor. And, they proceed anyway into the accredited investor investment anyway. Therefore, this whole notion of being accredited is really a mirage in many cases. Under our constitution we are allowed freedom of speech. Buying of securities is a right of being an American similarly to voting and exercising freedom of speech. When one buys or sells securities they are voting in favor or against the company. There should be no branded type of investor class of securities that are off limits to people of lesser means or educational experience. Who are we to judge. This is a archaic way of dividing people and demeaning them. Securities licenses don't make someone more knowledgeable than a person with a PHD in finance. Considering the whole test is multiple choice and registered reps forget a lot of the material afterwards. This is absolutely something that should be abolished. RYAN CARPEL