The Accredited Investor Standard fails to fulfill its purpose. It’s supposed to protect those who don’t understand financial and business matters. Yet, the Accredited Investor Standard current metrics (income level and net worth) don’t measure understanding of financial or business matters. There are a lot of people who have made millions and ended up broke (google broke athletes, celebrities, or Bernie Madoff).

There is a bigger implication to this standard, than just helping the rich get richer, OUR PERSONAL FREEDOM! The government is trying to protect us from ourselves. I find it ironic that real life changing financial opportunities are denied the average citizen and, yet the federal government allows states to rakie in billions on lottery sales! Just some food for thought.