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SEC RIN: 3235-AK90 Publication ID: Spring 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: First time 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)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  01/31/2011  76 FR 5307   
NPRM Comment Period End  03/11/2011    
Final Action  06/00/2011    
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 
Agency Contact:
Anthony G. Barone
Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE.,
Washington, DC 20549
Phone:202 551-3460
Email: baronea@sec.gov