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| SEC | RIN: 3235-AK90 | Publication ID: Fall 2011 |
| Title: Net Worth Standard for Accredited Investors | |
| Abstract: The Commission proposed amendments to the accredited investor standards in its rules under the Securities Act to reflect the requirements of section 413(a) of the Dodd-Frank Act. Section 413(a) requires the definitions of "accredited investor" in Securities Act rules to exclude the value of a person's primary residence for purposes of determining whether the person qualifies as an "accredited investor" on the basis of having a net worth in excess of $1 million. The Commission also proposed technical amendments to Form D and a number of its rules to conform them to the language of section 413(a) and to correct cross-references to former section 4(6) of the Securities Act, which was renumbered section 4(5) by section 944 of the Dodd-Frank Act. | |
| Agency: Securities and Exchange Commission(SEC) | Priority: Substantive, Nonsignificant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
| Major: Undetermined | Unfunded Mandates: No |
| CFR Citation: 17 CFR 230.501(a)(5); 17 CFR 230.215 | |
| Legal Authority: PL 111-203 sec 413(a); 15 USC 77c(b); 15 USC 77d(2) | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
| Small Entities Affected: Businesses | Federalism: Undetermined |
| Included in the Regulatory Plan: No | |
| RIN Information URL: www.sec.gov/rules/proposed/2011/33-9177.pdf | |
| RIN Data Printed in the FR: Yes | |
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Agency Contact: Anthony G. Barone Division of Corporation Finance Securities and Exchange Commission 100 F Street NE., Washington, DC 20549 Phone:202 551-3460 |
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