SEC’s New ‘Accredited Investor’ Definition (Slightly) Expands Private Placement Investor Pool
By Brad H. Hamilton, August 27, 2020 On August 26, 2020 the Securities and Exchange Commission announced its long-awaited update to the definition of an 'accredited investor,' and the resulting changes are underwhelming for issuers, entrepreneurs, and start-ups. "Accredited investors" now include individuals with SEC Series 7, 65 and 82 licenses (licensed securities brokers and [...]