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CALIFORNIA CORPORATE & SECURITIES LAW

Staff Releases Report on its Review of the Definition of “Accredited Investor”

On Friday, the Securities and Exchange Commission staff published a report of its review of the definition of “accredited investor”.  Congress directed the SEC to review the definition every four years in Section 413(b)(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Below are the staff’s recommendations: The Commission should revise the financial thresholds…

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