Good Ol' USA, land of the 'free'. Suppose my life savings is 20K and I want to invest in a penny stock some fast talking broker talked me into, no problem! 20K gone and SEC says, oh, well, you knew the risks.

Now I want to invest in a cryptocurrency ICO or buy an oil and gas lease from energynet.com - SEC says, oh, so sorry. Those are risky investments, only 'accredited investors' can take participate. We're here to look out for you!

Complete Bullshi*.