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In prior posts, we noted that the Committee had discussed revisions to the current accredited investor definition in order to address, among other things, investor sophistication.
The SEC announced that its Advisory Committee on Small and
Emerging Companies will hold a public meeting on February 17 in
order to vote on recommendations to the SEC regarding the
definition of an "accredited investor." In prior posts,
we noted that the Committee had discussed revisions to the current
accredited investor definition in order to address, among other
things, investor sophistication.
Because of the generality of this update, the information
provided herein may not be applicable in all situations and should
not be acted upon without specific legal advice based on particular
situations.