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.”
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find our more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.