Tagged: accredited investor

August 21, 2020 @ 3:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting of the Commission to address several regulatory issues including an update to the current definition of an Accredited Investor. Regarding the Accredited Investor definition the SEC states it will consider: “whether to adopt amendments… Read More

March 18, 2020 @ 1:01 pm By JD Alois  |  

Towards the end of 2019, the Securities and Exchange Commission (SEC) proposed an update to the definition of an accredited investor. The rule change is part of a broader “concept release” that the SEC has issued to review the exempt offering ecosystem and how this… Read More

March 17, 2020 @ 4:07 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the entity that lobbies on behalf of state and provincial regulators, is “urging the Securities and Exchange Commission (SEC) not to move forward with its proposal to expand access to high-risk private securities offerings to individual investors.” NASAA… Read More

January 23, 2020 @ 3:06 pm By JD Alois  |  

Outspoken entrepreneur and CEO of Prime Trust Scott Purcell has shared his thoughts on the Securities and Exchange Commission’s (SEC) proposal to modernize the current definition of an accredited investor. At the moment, an accredited investor in the US is measured by a wealth metric…. Read More

January 21, 2020 @ 8:59 am By JD Alois  |  

While investment crowdfunding rules initially were targeted at early-stage ventures in need of growth capita,l the new rules have fueled the rise of investment platforms for another asset class: real estate investment opportunities. Early-stage ventures, from seed rounds to later-stage venture rounds, tend to include… Read More

January 14, 2020 @ 1:24 pm By Anthony Zeoli  |  

While it passed somewhat under the radar with the holiday season, on December 18, 2019, the Securities and Exchange Commission (“SEC”) released a proposal to significantly amend the existing “accredited investor” definition; which is integral in determining who can participate in private securities transactions. The… Read More

January 6, 2020 @ 6:11 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is on the cusp of a significant update to the definition of an accredited investor (AI). Depending on the final rules, the Commission could broadly expand access to private securities offerings – a sector of the capital markets that… Read More

December 19, 2019 @ 7:34 pm By JD Alois  |  

The President of the North American Securities Administrators Association (NASAA), Christopher W. Gerold, has issued a statement regarding the Securities and Exchange Commission’s (SEC) proposal to modernize and improve the definition of an accredited investor. NASAA is the advocacy and lobbying group that represents state… Read More

December 18, 2019 @ 2:23 pm By JD Alois  |  

Today, the Securities and Exchange Commission (SEC) held a public meeting to discuss, and vote on, various rules impacting the securities markets. Included in the meeting was an update to the definition of an accredited investor. Currently, the definition is determined by a wealth metric…. Read More

December 17, 2019 @ 10:07 pm By JD Alois  |  

Tomorrow (December 18, 2019), in a public meeting by the Securities and Exchange Commission (SEC), the Commissioners will review the definition of an accredited investor. In a revised agenda, the public meeting outlined the specific topics to be addressed by the Commission, with the definition… Read More

December 13, 2019 @ 1:00 pm By JD Alois  |  

This week, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), submitted a recommendation to the Commission on the definition of an accredited investor. The SEC will look for guidance from the Committee as it values the feedback of front line… Read More

December 10, 2019 @ 11:57 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chairman Jay Clayton spent his morning today (December 10, 2019) testifying in front of the Senate Committee on Banking, Housing, and Urban Affairs. In prepared testimony (embedded below), Chair Clayton addressed multiple issues including those that impacting regulatory modernization as… Read More

November 14, 2019 @ 12:08 pm By JD Alois  |  

Earlier this week there was a meeting of the Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee. During the meeting, the Committee discussed the SEC’s Concept Release on regulatory harmonization and several topics specifically. First, was the subject of access to capital… Read More

September 24, 2019 @ 5:46 pm By JD Alois  |  

SeedInvest, one of the largest investment crowdfunding platforms in the US, has posted a comment letter pertaining to the Securities and Exchange Commission’s (SEC) concept release on regulatory harmonization. The comment letter is expected to be “one of multiple” letters with this first one addressing… Read More

September 13, 2019 @ 4:24 pm By JD Alois  |  

Securities and Exchange Commission Chairman Jay Clayton tipped his hand a bit regarding the ongoing “concept release” – an SEC review of the private securities exemption ecosystem and how regulated private markets operate.  In a speech delivered at the Economic Club of New York this… Read More

July 18, 2018 @ 8:32 am By JD Alois  |  

The current definition of an accredited investor is a profound act of disenfranchisement. Policy makers decision to segregate investors based solely on how much money they have is a myopic, discriminatory act of rulemaking. The punitive definition of an accredited investor has been in place… Read More

November 3, 2017 @ 11:36 am By JD Alois  |  

In a strong sign of bipartisan support, the House of Representatives approved by voice vote HR 1585 or the Fair Investment Opportunities for Professional Experts Act. Sponsored by Representative David Schweikert from Arizona, HR 1585 may address the profound shortcomings in the current definition of… Read More

December 5, 2016 @ 7:16 pm By JD Alois  |  

Entrepreneurs and small business may have something for them under the Christmas tree this year courtesy of Congress.  The House of Representatives passed HR 6427 today as legislators scrambled to get a few things done before they disperse for the coming Holiday.  While there is… Read More

July 14, 2016 @ 3:47 pm By JD Alois  |  

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) has published its agenda for its meeting next week and it should be a more interesting gathering. As part of the ACSEC program, the SEC Division of Corporate Finance will deliver an update on the… Read More

April 15, 2016 @ 10:50 am By JD Alois  |  

This is important.  In the United States, the wealth disparity is growing – not closing. While there are multiple reasons why this wealth gap has occurred, the growing dominance of big money over smaller investors has clearly exacerbated this societal challenge.  Unfortunately, policy officials have… Read More