Staff Report on Accredited Investor Definition Issued
The Securities and Exchange Commission (“SEC”) is seeking public comments on its staff report regarding the definition of an “accredited investor.” Prepared by members from the SEC’s Divisions of Corporation Finance and Economic and Risk Analysis, the report discusses the history behind the accredited investor definition and includes the following:
- Feedback on the definition from public commenters and various committees;
- Alternative ways to define an accredited investor;
- Staff recommendations for possible revisions to the current definition; and
- Analysis of the effect the potential approaches could have on accredited investors.
More on the staff report is available in the SEC’s December 18th press release.