CPAs and Advisors with Your Growth in Mind

General

Investor Advisory Committee to Discuss Accredited Investor Definition

Preparing to revise the decades-old accredited investor definition in Rule 501 of Regulation D, the Securities and Exchange Commission’s (“SEC”) Investor Advisory Committee (“the Committee”) is scheduled to meet on Thursday, October 9th. The current definition, which has been in place for over 30 years, describes an individual, or such combined with a spouse, a net worth of $1 million or more. While current income thresholds are $200,000 (individual) and $300,000 (married couple), investors have called for a number adjustment to reflect inflation. The Committee previously discussed changes to the accredited investor definition in July, but couldn’t reach a decision on a recommendation.

Also part of next month’s meeting agenda is a discussion on the recommendation for a rule on disclosing the preliminary results in shareholder votes, the settlement of securities trades, and information availability within the municipal bond market.

Topics: , ,