“Accredited Investor” Definition Could Change

The SEC Investor Advisory Committee, established by the Dodd-Frank legislation, has recommended to the SEC to change the “accredited investor” definition to increase the dollar amounts for inflation, and to include a class of “sophisticated” investors who have either financial expertise credentials, investing experience or pass a test.

If the financial amounts were adjusted for inflation, the net worth requirement would be ~$2.5M and the income levels would be just under $500,000 and $740,000 for married couples.

See http://www.sec.gov/spotlight/investor-advisory-committee-2012/accredited-investor-definition-recommendation.pdf

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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