The sole function of the SEC is to increase the wealth gap. I am a startup founder in the middle of raising money and the compliance required to raise money from non-accredited investors that believe in our mission outweighs the need for their relatively small amount of investment money. The SEC denies access to high growth startup stock as an asset class to people worth less than 1M or make less than 200k per year. In my opinion this is criminal. There are new financing vehicles such as equity crowdfunding for non accredited investors that open this up, but you are still playing by the rules of the SEC.
DOWN WITH THE SEC
DOWN WITH THE IRS
DOWN WITH THE FEDERAL RESERVE
POWER TO THE PEOPLE
RE: Are All ICOs Now Officially "Securities" According to the SEC?