SEC Looking at “Accredited Investor” Qualifications

Securities and Exchange Commission Chairman Mary Jo White testified before the House Committee on Financial Services last week, stating that the SEC is now involved in a comprehensive review as to “whether to change the definition of accredited investor, including whether net worth and annual income should be used as tests for determining whether a natural person is an accredited investor, and at what levels.”

That consideration includes other kinds of sophistication, experience, qualifications that might make someone qualify as an accredited investor.
Article: http://www.investmentnews.com/article/20151119/FREE/151119902/sec-indicates-timing-substance-of-accredited-investor-reform

Testimony: http://www.sec.gov/news/testimony/chair-white-testimony-sec-agenda-operations-2017-budget.html

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
This entry was posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Dodd Frank, FINRA, fraud, Investments, Legislative Intent, SEC, Small Business, Uncategorized, VC, Venture Capital and tagged , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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