Accredited Investor definition

[Amy Wan]

I came across a funny article this morning.

Your SEC Investor Advocate--who is supposed to advocate on behalf of investors--doesnt seem to think that non-accredited investors want to invest in private offerings, and that private companies don't want non-accredited investor money. This is in context of a discussion to revise the definition of accredited investors.

Funny thing is, I feel like every other day lately, there's been someone asking on a forum about finding syndication deals that will take non-accredited money. I guess some of you have to write your Investor Advocate.

Letter here:
https://cdn.crowdfundinsider.com/wp-content/uploads/2019/08/RIck-Fleming-Concept-Release-Comment-s70819-5800855-187067-1.pdf