Donald J Trump is simply not a very bright man. He's just not.

and that is why he is so perfect for his voters.

Many of which were the democratic base a few cycles ago.....

Did you know that the SEC does not allow people with less than a million dollars in assets to invest in “unregistered” securities? Meaning small businesses who have not jumped through the Gordian knot of SEC regulations?

I am currently soliciting investors in my biochar business, and I can only offer the opportunity to millionaires.

That's one regulation I daresay we could do without.
Is there a reason why?

I don’t know if it was original to the Securities Exchange Act in 1934, but its intention is to protect “little people” from making investment mistakes because of their supposed lack of knowledge and experience. The fact that it based soley on how much money a person has, as the indicator of financial intelligence and responsibility, I find to be a bit offensive and wrongheaded, though.

While I don't disagree with the offense taken, I think it was more about who could "afford to take the risk".

The idea is that a high-risk venture should not be an investment for a person who can't afford to lose it when the little company tanks. Of course, brokers let pretty much anyone trade options. Some of them are actually more conservative than owning the underlying stock, but some are way more risky.

There are all kinds of schemes that can get you past angel-status. For example, buy a bankrupt company that has registered to sell stock.

The regulation is rather explicit about having the savvy to make the investment.

I think there is a need to provide some regulation on investment solicitation, but to exclude all but millionaires from making even $10 investments in unregulated securities, while allowing low wage workers to buy cars on credit, and to take out "payday" loans with mind-blowing interest rates, implies a complete lack of sense and integrity of intent.

Why the assumption that it would be high risk? The regs do not regulate risk.