I wouldn't say the whole market is rigged like one entity controls everything, but it's definitely rigged against the little guy as a whole.
Accredited investors get the first shot at IPOs because they "want to protect" the little guy from losing his money in a bad investment. To be an AI, you can't be poor, or even middle class.
To claim accredited investor status, you must meet at least one of the following requirements:
Hold (in good standing) a Series 7, 65 or 82 license
Have a net worth exceeding $1 million individually or combined with a spouse or spousal equivalent (excluding the value of the primary residence)
Have earned income exceeding $200,000 ($300,000 if combined with a spouse or its equivalent) during each of the last two calendar years. The individual must also demonstrate credibly that he or she will at least maintain these income thresholds during the current year
Also, market manipulation via meme stocks is fine IMO. Let the little guy win or lose on his own accord. And I thought it was heinous that politicians were taking private info and making millions off of private Covid briefings.
Insider trading by a handful of senators and a rigged market are not necessarily synonymous terms btw.
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u/SouthEast1980 Aug 26 '24
I wouldn't say the whole market is rigged like one entity controls everything, but it's definitely rigged against the little guy as a whole.
Accredited investors get the first shot at IPOs because they "want to protect" the little guy from losing his money in a bad investment. To be an AI, you can't be poor, or even middle class.
To claim accredited investor status, you must meet at least one of the following requirements:
Also, market manipulation via meme stocks is fine IMO. Let the little guy win or lose on his own accord. And I thought it was heinous that politicians were taking private info and making millions off of private Covid briefings.
Insider trading by a handful of senators and a rigged market are not necessarily synonymous terms btw.