Investment Management Counsel Outlines the SEC’s dilemma in reviewing the definition of an Accredited Investor, In ACA Insight

In The News
January 26, 2016

Competing considerations must be weighed by the SEC as it mulls possible changes to the definition of an Accredited Investor, stated investment management counsel David Tittsworth (Washington, D.C.). in the Jan.11 edition of ACA Insight. As the SEC deliberates whether the financial criteria set in 1982 are still valid standards for determining which investors do not require safeguards under the Securities Act, Mr. Tittsworth explains the predicament the Commission faces: “the agency’s broad mandate to facilitate capital formation” against a “key mandate of the agency’s mission: to protect investors”, which concurrently, implementing a “bright line test so that issuers can make a determination with confidence.”