macrocephalopod

Amazing to me that things like gamma squeezes, dark pools, and naked shorting are what are driving the “markets are unfair” conversation, and not things like… PDT rules and accredited investor regulations

PDT Min Eq has only been around since 2001 but no one wants to talk about how perhaps it's unfair to the little guy

One can become an accredited investor with 0 knowledge of the stock market or any financial instrument, they must simply have a rich relative die. Congrats on your $1M net worth, you're sophisticated now! Enjoy access to private placements that the poors can't :)

Is the implication that being an accredited with access to private placements means you get better returns? I feel like what actually happens is that rich heirs/dentists/whatever get scammed into shitty high fee VC/PE funds by brokers who flatter their egos.

If you removed or lowered the AI threshold the net result would be that more, and less wealthy, people would get scammed into shitty VC/PE funds.