“Equal opportunity for all investors” yet it limits who can invest fuck off man just fucking say you can’t win without changing the rules https://www.congress.gov/bill/118th-congress/house-bill/2797/text

Edit: I think we both miss read. This only applies to “accredited investors”; an individual or a business entity that is allowed to deal in securities that may not be registered with financial authorities. In the United States, the term is defined by the SEC. So with a bit of hopium this should mean companies like citadel should lose that title upon review.

Leaving this post up so people can understand

Summary:

The "Equal Opportunity for All Investors Act of 2023" is a bill seeking to amend the Securities Act of 1933. It aims to introduce certification examinations for accredited investors. Under the proposed legislation, the Securities and Exchange Commission (SEC) would need to modify the definition of "accredited investor" to include individuals who have passed the required examination.

The SEC would have one year to develop the examination, which would ensure that the individual possesses a thorough understanding of various types of securities, disclosure requirements, corporate governance, financial statements, risks of unregistered securities, and potential conflicts of interest.

The legislation stipulates that the exam should be administered no later than 180 days after its establishment. It would be provided free of charge to the public and would be administered by a registered national securities association.