How the SEC’s Accredited Investor Rule Protects the Wealthy From Competition, Not From Fraud

In 1982, the SEC finalized Regulation D — a framework that lets companies raise capital without registering securities for public markets. At the center sits Rule 501, which defines the accredited investor. The threshold was clean: $200,000 in annual income or $1,000,000 in net worth, excluding your primary residence. The stated purpose was protection. Private [ ] The post How the SEC’s Accredited…