Tag Archives: sophistication

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 … Continue reading

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 | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Permits Fall Back Verification Methods

The SEC has indicated that even if you cannot use one of the safe harbors under Rule 506(c) to verify that an investor is “accredited,” other evidence could be relied upon to do so under the “principles based” verification method. … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment