Money Stuff: The Podcast Some Cigarettes: Accreditation, Memes, Naughty ESG
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Oct 25, 2024 The discussion kicks off with the complexities of becoming an accredited investor and the push for broader access to private investments. The hosts then tackle the rollercoaster of meme stocks and their awkward transition into serious retirement planning. They dive into Robinhood's journey from a fun trading app to a serious brokerage, exploring the shifting psychological landscape of young investors. The conversation also reveals the murky waters of ESG investing, addressing concerns over greenwashing and recent regulatory challenges.
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Accredited Investor Rules
- Accredited investor rules limit private investments to high-income individuals.
- This has raised concerns about fairness and access to potentially good investments.
Expanding Investor Qualifications
- Consider expanding accredited investor qualifications beyond wealth.
- A proposed exam could assess financial knowledge instead of just income or net worth.
FINRA's Knowledge Check Backlash
- FINRA's proposal for knowledge checks on complex products met with strong opposition.
- Over 12,000 comments, a record number, highlighted retail investors' resistance to such restrictions.