'If you believe that, I've got some swamp land in Florida I'd love to sell you." That round about way of calling someone gullible actually has a pretty nefarious history. For decades, unscrupulous hucksters sold Florida swamp land, Brooklyn Bridges and timeshares on the moon to unwitting buyers. The government stepped in and created rules to help protect investors from being ripped off. That was tough to accomplish on a deal by deal basis, so the protection was built around the investor - the assumption being that if you were worth a good amount of money, you probably knew what you were doing. Thus the concept of being accredited was born.

In the last few years, that protection has started to do more harm than good. The internet has made buyers savvier and startups desire access to the investment dollars held by the masses. The SEC has listened and has developed new regulations that open investing up to all. In this episode, Dave walks us through these revolutionary changes.