Matt Levine, Columnist

Earning the Right to Get Swindled

Also private equity fees, imaginary mergers and crypto regulation.

September 24, 2018 at 11:33 AM EDT

Corrected

September 25, 2018 at 11:32 AM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Accredited investors.

Here is a rough summary of how U.S. securities law works:

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