SEC Adopts Amendments to “Accredited Investor” Definition

Emily HayesBest Practices, Market Rules & Responsibilities, Operations

SEC amends “accredited investor” definition

On August 26, 2020, the U.S. Securities and Exchange Commission (“SEC”) approved amendments to the “accredited investor” definition1, thereby increasing the number of persons that can participate in private offerings of securities2.  Previously, individuals that wanted to participate in private offerings generally had to be high earning or high net-worth individuals to qualify as “accredited investors.” The amended definition allows, … Read More