Issuers should modify offering materials and forms and develop new policies before selling securities to new categories of accredited investors.
Read MoreStarting in December individuals may be accredited based upon their credentials, and issuer employees may be accredited based upon their "knowledge." However, there is no bright-line test to determine which employees are sufficiently knowledgeable to be accredited investors.
Read MoreThe Securities and Exchange Commission has proposed a rule that would, under limited circumstances, allow unlicensed individuals to be compensated finders in certain securities transactions.
Read MoreThe SEC has adopted a rule expanding the definition of accredited investor to include certain securities professionals, knowledgeable employees of the issuer, and others.
Read MoreThe SEC recently proposed a rule change which would expand and modernize the definition of accredited investor.
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