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SVTPerformance's Chain of Restaurants
Road Side Pub
Gamestop
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<blockquote data-quote="Pribilof" data-source="post: 16568038" data-attributes="member: 155968"><p>For something with as much news coverage as this all it takes is one firm to lock up trading then the other will do the same. Otherwise all the trading will just migrate to a different platform. The firms are in a tough spot. Some people are pissed that trading was restricted. Next week you'll hear from all the people who lost 60% of their money in 2 days this week complaining that the firms didn't prevent them from buying on Monday.</p><p></p><p>No firm wants their name in the next headline:</p><p><a href="https://www.cnn.com/2020/06/19/business/robinhood-suicide-alex-kearns/index.html" target="_blank">Apparent suicide by 20-year-old Robinhood trader who saw a negative $730,000 balance prompts app to make changes - CNN</a></p><p></p><p>This is why alternative investments like private equity require investors to be either accredited investors or a qualified purchaser.</p><p></p><p>Accredited Investor:</p><ul> <li data-xf-list-type="ul">A natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.</li> <li data-xf-list-type="ul">A natural person who has an individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person</li> <li data-xf-list-type="ul">Professional investors are now included automatically under revisions to Reg D passed in August 2020.</li> </ul><p></p><p>Qualified Purchaser:</p><ul> <li data-xf-list-type="ul">an individual or a family-owned business that owns $5 million or more in investments. The term “investments” shouldn’t include a primary residence or any property used for business.<br /> </li> <li data-xf-list-type="ul">an individual or entity (for example, a fund manager) that invests at least $25 million in private capital, on its own account or behalf of other qualified purchasers;</li> <li data-xf-list-type="ul">a trust sponsored and managed by qualified purchasers; or</li> <li data-xf-list-type="ul">an entity owned entirely by qualified purchasers.</li> </ul></blockquote><p></p>
[QUOTE="Pribilof, post: 16568038, member: 155968"] For something with as much news coverage as this all it takes is one firm to lock up trading then the other will do the same. Otherwise all the trading will just migrate to a different platform. The firms are in a tough spot. Some people are pissed that trading was restricted. Next week you'll hear from all the people who lost 60% of their money in 2 days this week complaining that the firms didn't prevent them from buying on Monday. No firm wants their name in the next headline: [URL='https://www.cnn.com/2020/06/19/business/robinhood-suicide-alex-kearns/index.html']Apparent suicide by 20-year-old Robinhood trader who saw a negative $730,000 balance prompts app to make changes - CNN[/URL] This is why alternative investments like private equity require investors to be either accredited investors or a qualified purchaser. Accredited Investor: [LIST] [*]A natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year. [*]A natural person who has an individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person [*]Professional investors are now included automatically under revisions to Reg D passed in August 2020. [/LIST] Qualified Purchaser: [LIST] [*]an individual or a family-owned business that owns $5 million or more in investments. The term “investments” shouldn’t include a primary residence or any property used for business. [*]an individual or entity (for example, a fund manager) that invests at least $25 million in private capital, on its own account or behalf of other qualified purchasers; [*]a trust sponsored and managed by qualified purchasers; or [*]an entity owned entirely by qualified purchasers. [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Gamestop
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