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Accredited investor: Difference between revisions
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The [[SEC]] has considered a change to the definition of "accredited investor" to create a new class of potential investors: "accredited natural persons". The proposed changes would stipulate that an "accredited natural person" must be both "accredited investor" under the existing standards and also own not less than $2.5 million in investments (as currently defined in the Investment Company Act for purposes of the Section 3(c)(7) exemption) on the date an investment is made.<ref name=hedge>{{cite web|last=Dallett |first=Matthew |title=SEC Proposes New Anti-Fraud Rule and New Accredited Investor Definition for Private Investment Vehicles |url=http://www.edwardswildman.com/insights/PublicationDetail.aspx?publication=2661 |deadurl=yes |archiveurl=https://web.archive.org/web/20131219222134/http://www.edwardswildman.com/insights/PublicationDetail.aspx?publication=2661 |archivedate=2013-12-19 }}</ref> | The [[SEC]] has considered a change to the definition of "accredited investor" to create a new class of potential investors: "accredited natural persons". The proposed changes would stipulate that an "accredited natural person" must be both "accredited investor" under the existing standards and also own not less than $2.5 million in investments (as currently defined in the Investment Company Act for purposes of the Section 3(c)(7) exemption) on the date an investment is made.<ref name=hedge>{{cite web|last=Dallett |first=Matthew |title=SEC Proposes New Anti-Fraud Rule and New Accredited Investor Definition for Private Investment Vehicles |url=http://www.edwardswildman.com/insights/PublicationDetail.aspx?publication=2661 |deadurl=yes |archiveurl=https://web.archive.org/web/20131219222134/http://www.edwardswildman.com/insights/PublicationDetail.aspx?publication=2661 |archivedate=2013-12-19 }}</ref> | ||
The $2.5 million test will be periodically adjusted for inflation.<ref name=hedge /> | The $2.5 million test will be periodically adjusted for inflation.<ref name=hedge /> | ||
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{{c|US Securities Regulation}} | |||