Regulatory Alerts2020-01-15 | 2019-28304Added
Amending the Accredited Investor Definition
The Securities and Exchange Commission proposes amendments to the definition of accredited investor to add new categories of qualifying natural persons and entities. These changes aim to update the definition by incorporating professional certifications, knowledgeable employees of private funds, and specific entity types to better identify investors with sufficient expertise. The proposal also includes modifications to the qualified institutional buyer definition in Rule 144A to expand the list of eligible entities.
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