Tagged: accredited investor

House Approves Fix for Definition of an Accredited Investor as it Passes Several Pro SME Bills

The House of Representatives started February of 2016 on a high note this year, leading with several bi-partisan pro-business bills that received little opposition on the floor.  The House Financial Services Committee which forwarded the legislation released a statement calling the bills a “win” for… Read More

Schweikert Bill May Fix Definition of an Accredited Investor

Originally introduced this past Spring, Representative David Schweikert saw the “Fair Investment Opportunities for Professional Experts Act” (HR 2187 — 114th Congress) take another step forward on December 9th.  The House Financial Services Committee saw it approved by a vote of 54 yeas to just… Read More

SEC: Report on Definition of Accredited Investor. Seeks Public Comments as Commission Reviews Rules

Dodd-Frank, the massive law passed in the midst of the Great Recession, touched many aspects of the financial industry.  One portion of the bill was a requirement to review the definition of an Accredited Investor “as it relates to natural persons” every four years.  The… Read More

With Propel(x) LLCs, Propel(x) Lowers Angel Investment Threshold, Allowing Investors To Diversify Portfolio & Streamline Portfolio Management

  Propel(x), a platform for investing in deep technology startups, is making it easier for angel investors to participate in a wide range of deep technology investments with the introduction of Propel(x) LLCs, lowering the initial threshold from a typical minimum angel investment of $25,000, to as… Read More

House Committee Scheduled to Discuss Definition of An Accredited Investor

The Subcommittee on Capital Markets an Government Sponsored Enterprises, part of the Committee on Financial Services, has scheduled a hearing to discuss two bills. The first is the Small Business Credit Availability Act which has been crafted to amend the Investment Committee Act of 1940… Read More

On the Move: OurCrowd’s CEO Announces New Office in Toronto

Last week, Israel-based OurCrowd announced it is planning to open a new office in Toronto. Now TechVibes has revealed more details about the equity crowdfunding platform’s move to Canadian borders. During the Canadian Crowdfunding Summit, CEO of OurCrowd Jon Medved shared information about the platform’s new… Read More

SEC Committee on Small & Emerging Companies Submits Recommendations on Definition of Accredited Investor

The SEC Advisory Committee on Small and Emerging Companies has voted on, and approved, recommendations on the definition of an accredited investor.  As it stands today the definition is guided by economic parameters: an individual must earn $200,000 per year or have a net worth… Read More

Brief: SEC Postpones Advisory Committee on Small & Emerging Companies Meeting

Due to inclement weather, and the associated closure of Federal Offices in Washington, DC, the Advisory Committee on Small and Emerging Companies has postponed its meeting to a later date.  Originally scheduled to take place today (February 17th), no new meeting date was disclosed. The… Read More

SEC Advisory Committee on Small & Emerging Companies Schedules Next Public Meeting

SEC Chair Mary Jo White re-animated a previously moribund Advisory Committee on SMEs late last year.  These “small” companies are private companies, as well as those publicly traded, with market capitalizations of under $250 million. This initiative was undertaken in recognition of the importance of… Read More

The Number of Accredited Investors (Deck)

The debate surrounding the definition of an Accredited Investor always includes a discussion regarding the number of individuals in the United States who actually qualify.  Recently Rachita Gullapalli, a financial analyst at the Division of Economic & Risk Analysis (DERA) at the SEC, put together… Read More

Commissioner Gallagher: “I still do not believe that we need to be spending our time ‘protecting’ millionaires”

Earlier today at the offices of the SEC the Advisory Committee on Small & Emerging Companies held their first meeting in quite some time.  The appointed pro-bono group is convened at the invitation of SEC Chair Mary Jo White. This diverse gathering of professionals is… Read More

Angel Capital Association: How to Define an “Accredited Investor”

At the recent Small Business Forum at the SEC held this past November one of the hot topics of discussion was the definition of an “Accredited Investor”.  As it stands today, an accredited investor is a wealthy sort that earns over $200,000 per year or… Read More

SEC Advisory Committee on Small & Emerging Companies to Tackle Accredited Investor Definition

The Securities and Exchange Commission (SEC) has released the agenda for the Advisory Committee on Small and Emerging Companies that is set to meet on December 17th.  This committee has been dormant for quite some time and recently SEC Chair Mary Jo White re-animated the… Read More

CFIRA CO-Chair DJ Paul Interviewed by Benziga (Audio)

CFIRA Co-Chair and Propelr Co-Founder DJ Paul was interviewed yesterday on Benziga as part of their pre-market prep show. The early discussion covers the basics, IE Title II, III and IV of the JOBS Act that deals with investment crowdfunding and the associated regulatory reform… Read More

Consensus Forming in Washington, DC on Accredited Investor Definition

  Momentum is building towards a consensus on the highly controversial updates to the accredited investor definition (currently a person who has over $200,000 in income (or $300,000 jointly with spouse) or over $1M in net worth, excluding personal residence). Initially, there was some suggestion… Read More

Next Generation Trust Services Alerts Investors to Possible SEC Changes in Definition of “Accredited Investor” & Investing Limitations

Next Generation Trust Services, a professional third-party administrator of self-directed retirement plans, is alerting its clients about possible SEC changes regarding who qualifies as an accredited investor. The administrator of self-directed retirement plans has among its clients, investors who use the funds in their self-directed IRAs to… Read More

SEC Will Start Business Forum with Discussion of Accredited Investor Definition

The Securities and Exchange Commission (SEC) has earlier announced that it will hold its annual Government-Business Forum on Small Business Capital Formation at its Washington, D.C. headquarters on November 20, 2014.  As part of the annual gathering the morning session will tackle the definition of… Read More

Crowdfunding Industry Advocates Respond to IAC Recommendations on Accredited Investor Definition

Last week the Investor Advisory Committee met at the Securities and Exchange Commission to review and make recommendations on several issues regarding investors.  At the top of the list was the hot polemic on how an accredited investor should be defined. As it stands today… Read More

Everyone out of the Pool! IAC Makes Recommendations Which Would Significantly Decrease The Pool of Available Accredited Investors

The Investor Advisory Committee (IAC) of the Securities and Exchange Commission (SEC) met yesterday to vote on the approval of its recommendations to the SEC for reforming the current definition of “accredited investor.” Most of the recommendations of the IAC call for changes to the… Read More

Brief: SEC Investor Advisory Committee Schedules Meeting for October 9th

As part of their regularly scheduled quarterly meetings, the Investor Advisory Committee (IAC) is planning to meet at the offices of the SEC on October 9th. The IAC, a mandated group under Dodd-Frank legislation, advises the SEC on various aspects of securities regulations.  One of the… Read More

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