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And the SEC is right to do so. One of the provisions of this new law is that companies seeking unqualified investor funding (i.e. crowdfunding) are not required to disclose their finances for up to five years after going public.

As to simply buying stocks, IANAFinance Guy, but I believe there is an upper limit on the amount you can invest before having to be certified as an investor. Could anyone contribute a proper explanation of that?

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As a non-accredited investor you can invest as much cash as you want in public companies. The crowd funding portion of the bill restricts non accredited investors to (I believe) 10% of income or 10,000 per year for risky start up investing. Further it requires investments are made through a platform.

Personally I am worried that 10000 is way too much for an asset class this risky.

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