SEC Adopts Net Worth Standard for Accredited Investors Under Dodd-Frank Act
In accordance the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010, the Securities and Exchange Commission has amended its rules to exclude the value of a person’s home from net worth calculations used to determine whether an individual may be classified as an “accredited investor”, and hence invest in certain unregistered securities offerings.
Originally Published:
21/12/2011