MORELLO V. WHITE ET AL (2:16-cv-04440) is a class action lawsuit against the U.S. Securities and Exchange Commission alleging the agency crafted an unconstitutional regulation - the Accredited Investor Definition in Rule 501(a). My position is that property qualifications are unconstitutional, unethical, and immoral.
The Accredited Definition creates a property qualification that denies most Americans the right and opportunity to invest in start-up companies (i.e. the reason Kick-starter couldn't offer the public equity in Oculus Rift - just promotional hats). "Interestingly [China's] limits on who qualifies as an Accredited Investor are almost identical to [US Law]."
If you agree that property qualifications have no place in American law - please sign.
Learn More: Morellovwhite.org



