Regulatory Alerts2020-10-09 | 2020-19189Added
Accredited Investor Definition
The U.S. Securities and Exchange Commission adopted final rules amending the definition of accredited investor to include new categories of qualifying natural persons and entities based on financial sophistication rather than solely wealth. The amendments designate holders of the Series 7, Series 82, and Series 65 professional licenses as qualifying natural persons and expand eligibility for entities such as registered investment advisers and family offices. These changes aim to update the regulatory framework to better identify investors capable of participating in private investment opportunities while maintaining appropriate investor protections.
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