Wiley Nickel actually said...

We could do is change the definition of, 'accredited investor,' to the following standards: someone who is investing less than 5 percent of ...

Investor protection not only protects investors, it is necessary for the business economy as a whole that is seeking investment.

We need to have a democratized approach to this to benefit more people.

The titles of the hearings that we are holding today imply that every investor protection is a barrier.