SEC Proposes Amendments to Net-Worth Standard for Accredited Investors
Venture Capital and Private Equity Team Alert
On January 25, 2011, the Securities and Exchange Commission (the “SEC”) voted to propose amendments to its rules under the Securities Act of 1933 (the “Securities Act”) to conform the definition of “accredited investor” to reflect the requirements of section 413(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).
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