On December 18, 2015, the staff (the “Staff”) of the U.S Securities and Exchange Commission (the “SEC”) released a report on their review of the definition of “accredited investor” under the Securities Act of 1933. This review was undertaken in accordance with Section 413(b)(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), which requires the SEC to review the accredited investor definition (as it relates to individuals) every four years to determine whether it should be revised.  This is the first such review.
Continue Reading Potential Revisions to the Definition of “Accredited Investor”