Accredited Investors, Tread Lightly
if you meet some straightforward income or net worth requirements, you can qualify as an "accredited" investor and gain access to a vast universe of complex private investments. But do the rewards of that access outweigh its risks?
That question is being hotly debated amid potential changes to the accredited-investor definition. The Securities and Exchange Commission is studying the possibility of expanding the definition, giving more investors access to hedge funds, private equity and other private offerings. But
