I think it's more a system to protect Regular Joes from having small amounts of money stolen from them by shysters hawking get rich quick investment schemes. Many of those are now federal crimes, making the risk-reward unappealing.
The assumption is accredited investors are more capable of doing their own diligence and better able to weather the loss of a $50K angel investment than Regular Joe.
The assumption is accredited investors are more capable of doing their own diligence and better able to weather the loss of a $50K angel investment than Regular Joe.