SEC Staff Issues Report and Recommendations in Connection with Changes to the Accredited Investor Standard

Simon RivelesAccredited Investor, Dodd-Frank, SEC

By William Kelly and Simon Riveles On December 18, the SEC staff issued a report summarizing its review of the accredited investor definition. The report offers historical and current analyses of the definition, evaluates relevant comments on and suggested modifications to the definition, and considers alternative approaches under federal and state securities laws for identifying financially sophisticated investors. The report concludes with SEC staff recommendations …