Prescient Advisors

Senator Chris Dodd?s financial reform bill that is on the way to the House floor contains new provisions that would reduce the number of individuals eligible to invest in private ventures. The original draft of the bill would increase the $1 million net worth threshold that defines an 'accredited investor,' which in turn determines an individual's eligibility to invest in exempted private securities offerings. This is bunk. The ability to invest in a new business should not be an exclusive privilege bestowed by politicians upon persons of a certain economic class.