January 26, 2007
The minimum financial requirements for an "accredited investor" should be lowered or left the same, NOT raised.
To quote John Mauldin:
"If you were to tell investors that they would be discriminated against because of their gender or race or sexual preference, there would be an outcry. To put it simply: it is a matter of Choice. It is a matter of Equal Access. It is a matter of Equal Opportunity. Congress should change the rules and allow all investors to be truly equal, at least as to opportunity. "