January 3, 2020
Proposed Changes to Accredited Investor Definition
Recently, the Securities and Exchange Commission proposed changes to the definition of an “accredited investor.” Until this point, the accredited investor definition has been limited to evaluating only an individual’s income or net worth. With the proposed changes, the Commission hopes to increase access to investments in private capital markets.
Some of the new categories will include:
WHAT DOES THIS MEAN FOR ME?
The proposed rule has now entered a 60 period for public comment. Comments can be submitted directly to the Commission. Contact Fairview with questions about how changes to the accredited investor definition may affect you or your firm.