Opening the door to unicorns invites risk for average investors
These investments are complex and opaque and smaller investors could too easily get in over their heads
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New York
MANY investors may have fantasised about those "if only" investments. If only I had invested in Peloton. Or Uber. Or Lyft.
For most people, though, that's not possible - and not just because they don't have a million dollars to drop on a billion-dollar idea. Under current law, only individuals with at least US$200,000 in annual income or US$1 million in assets (outside of their home) are "accredited investors", or those qualified to invest in private securities.
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