The Securities and Exchange Commission issued its “Accredited Investor” review report.
The agency is contemplating:
- revising the financial thresholds for individual investors since the number of U.S. households qualifying as accredited investors has increased from approximately 2% of the population to over 10% as a result of inflation, or
- revising the Accredited Investor definition to allow individuals to qualify as Accredited Investors based on other measures of sophistication.
Raising the income/asset test for inflation would diminish the number of qualified households by 72%.