From the archive. This update was written in 2011 and describes the rules and guidance as they stood at the time. Some have since been amended or replaced. It is kept for reference and should not be relied on as a statement of current law.
On January 25, 2011, the Securities and Exchange Commission proposed a revised net worth standard as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act in Securities Act Release Number 9177. The SEC has requested comments by March 11, 2011. The proposal would amend the definition of accredited investor. For the full text, please visit the Securities and Exchange Commission’s site.