On January 25, 2011, the Securities and Exchange Commission proposed a revised net worth standard as required under the Dodd-Frank Street Reform and Consumer Protection Act in Securities Act Release Number 9177. The SEC has requested comments by March 11, 2011. The link above is a summary of the important proposals of the SEC’s Release 9177, in particular the proposed amendment to the definition of accredited investor. For a summary of the release, please go to our resources section of the website. For the full text, please visit the Securities and Exchange Commission’s site.
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