“Rights”. If you’re lying about accredited investor status, you definitely don’t have the resources to pursue your adversaries in civil litigation, much less actually collect on any judgment.
But they had the option of buying VOO or whatever broad market index the entire time, so I don’t see the need to protect people who feel the need to gamble.
No, that's not how the US legal system works. I don't endorse fraud (or dishonesty in general) but your claim that lying about being an accredited investor extinguishes all legal rights in a dispute is simply false and has no basis in law. Most rights would still be retained.
lotsofpulp|4 days ago
But they had the option of buying VOO or whatever broad market index the entire time, so I don’t see the need to protect people who feel the need to gamble.
nradov|4 days ago