SEC Proposes to Amend Definition of Accredited Investor
The SEC voted to propose amendments to the definition of an “accredited investor.” The finalized amendments would add additional categories of individuals [and entities] that qualify to participate in private capital markets based on established, clear measures of financial sophistication. The proposal is subject to a 60-day comment period.
When the amendments are finalized, your company’s policies and procedures will need to be updated accordingly. Does your organization have a process in-place to perform timely reviews of your policies and procedures? For assistance, contact us:
Victor Peña, CPA, CGMA
Michael A. Provini, CPA