While there may be broad agreement that a good argument may exist regarding suitability and appropriateness in respect of certain investments, some may not agree that a person who has accumulated a significant degree of wealth will always be in a better position to assess an investment into certain blockchain-based businesses or startups. It may be that only those with substantial technical expertise will be in a position to really understand the business (and ultimately the code) that they are investing in.

Source: Gibraltar: Does Statement on Initial Coin Offerings Include New Regulatory Framework? | Crowdfund Insider, October 15, 2017 @ 4:17 pm By Joey Garcia and Joshua Ashley Klayman