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The SEC proposed increasing the net worth threshold for qualified clients from $2 million to $2.1 million as part of a five-year indexing adjustment required by the Investment Advisers Act of 1940.
The SEC proposed increasing the net worth threshold for
qualified clients from $2 million to $2.1 million as part of a
five-year indexing adjustment required by the Investment Advisers
Act of 1940. However, as the required indexing adjustment for the
$1-million assets under management threshold is smaller than the
amount specified under the act, the SEC isn't proposing a
change to that part of the requirements. Comments are being
accepted on the proposal until June 13.
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