SEC: Comments due on accredited-investor requirements
The comment deadline is nearing for proposed changes to determining whether an individual qualifies as an accredited investor.
The comment deadline is nearing for proposed changes to determining whether an individual qualifies as an accredited investor. Floated by the SEC, the changes include excluding the value of an investor’s primary residence in calculating the minimum-net-worth requirement of $1 million when determining accredited-investor status. For more details and information on submitting comment by March 11, read Net Worth Standard for Accredited Investors.
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