/biz/ - Business & Finance

>The SEC proposal, which was approved by a vote of 3-2, would allow investors with certain qualifications, such as an entry-level stockbroker’s license, to sidestep the income and wealth thresholds.
>“The failure to update these thresh-olds may be less about providing American investors access to lucrative private markets, and more about providing private markets access to potentially vulnerable American investors,” said Allison Lee, a Democratic-appointed commissioner. “Once they cross the threshold, there are no limits on the amount that can be gambled and lost.” -She gets it