"they probably dislike laypeople more because they prefer to deal with professionals"
If they've got a clue they most certainly do. There's few things worse than dealing with a squirrelly non-professional investor (been there, done that, both myself and my father).
Still, if you have to get money somewhere to attract bigger investments and if this bill passes without fixing these problems you may find yourself pretty much limited to "very close "friends and family"".
I.e. if you live in a state where all others are forbidden to invest ... and from that TechCrunch item posted to HN the association of those state regulators may be the entity that's pushing this hard. Which means we may get much less of a fix that we desire/need.
If they've got a clue they most certainly do. There's few things worse than dealing with a squirrelly non-professional investor (been there, done that, both myself and my father).
Still, if you have to get money somewhere to attract bigger investments and if this bill passes without fixing these problems you may find yourself pretty much limited to "very close "friends and family"".
I.e. if you live in a state where all others are forbidden to invest ... and from that TechCrunch item posted to HN the association of those state regulators may be the entity that's pushing this hard. Which means we may get much less of a fix that we desire/need.