
September 1, 2020
SEC Expands Definition of “Accredited Investor”
On Aug. 26, 2020, the Securities and Exchange Commission (“SEC”) adopted amendments to the “accredited investor” definition, one of the principal tests for determining who is eligible to participate in our private capital markets. This amendment significantly expands what persons and entities may qualify as "accredited investors" under Rule 501(a) of Regulation D of the Securities Act of 1933. Background Under the federal securities laws, a company that offers or sells its securities must register its securities with the SEC…
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