SEC Proposes to Amend Definition of Accredited Investor

2019-12-20

The SEC voted to propose amendments to the definition of an “accredited investor.” The finalized amendments would add additional categories of individuals [and entities] that qualify to participate in private capital markets based on established, clear measures of financial sophistication. The proposal is subject to […]

The post SEC Proposes to Amend Definition of Accredited Investor appeared first on PKF O'Connor Davies.

The SEC voted to propose amendments to the definition of an “accredited investor.” The finalized amendments would add additional categories of individuals [and entities] that qualify to participate in private capital markets based on established, clear measures of financial sophistication. The proposal is subject to a 60-day comment period. 

When the amendments are finalized, your company’s policies and procedures will need to be updated accordingly. Does your organization have a process in-place to perform timely reviews of your policies and procedures? For assistance, contact us:

Victor Peña, CPA, CGMA
vpena@pkfod.com
646.449.6380

Michael A. Provini, CPA
mprovini@pkfod.com
646.449.6330

The post SEC Proposes to Amend Definition of Accredited Investor appeared first on PKF O'Connor Davies.