I recently read an article[1] which stated that companies are only allowed to solicit investments from accredited investors. What's the reasoning behind this? Why can't anyone, including myself[2], who is willing to risk their own money invest in a startup?[1] http://www.businessinsider.com/sec-announces-crowdfunding-rule-to-allow-startups-to-raise-1-million-from-unaccredited-investors-2013-10#ixzz2iaskUpYm
[2] http://blog.atommorgan.com/investors-need-to-be-accredited