[–] arnonejoe 2y ago ↗ I don’t normally post on HN but this seems grossly unfair. You can only be in the club if you are rich. [–] user90131313 2y ago ↗ 1M is not rich it's just good amount. Even it was lowered you would still have limited access. It's mostly about who you know and your personal brand. [–] ano-ther 2y ago ↗ It’s a consumer protection measure to shield lower incomes/wealth from less regulated products that are riskier.And most of those products require minimal investments that are quite high anyway.
[–] user90131313 2y ago ↗ 1M is not rich it's just good amount. Even it was lowered you would still have limited access. It's mostly about who you know and your personal brand.
[–] ano-ther 2y ago ↗ It’s a consumer protection measure to shield lower incomes/wealth from less regulated products that are riskier.And most of those products require minimal investments that are quite high anyway.
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[ 2.5 ms ] story [ 19.7 ms ] threadAnd most of those products require minimal investments that are quite high anyway.