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 their net worth in a particular investment."

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

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

"We need the right blend of investor protection and securities regulation on the one hand, and access to capital and access to investments on the other."