October 17, 2018

Dodd Frank

SEC Working On Protecting Ridiculously Rich People From Investing In Stupid Startups

Since 1982, the SEC has defined an "accredited investor" as someone with $1 million sitting around collecting dust or annual income of $200,000 in each of the previous two years with the reasonable assumption of making at least $200,000 in the year ahead. In 2006, Chris Cox wanted to bump that up to $3 million, […]