Please ensure Javascript is enabled for purposes of website accessibility
November 28, 2022

defining rich people

SEC Working On Protecting Ridiculously Rich People From Investing In Stupid Startups

Since 1982, the SEC has defined an "accredited investor" as someone with $1 million sitting around collecting dust or annual income of $200,000 in each of the previous two years with the reasonable assumption of making at least $200,000 in the year ahead. In 2006, Chris Cox wanted to bump that up to $3 million, […]