What SEC's Accredited Investor Proposal Means For PE Funds

By Michael Gold and Nicholas Stewart (January 16, 2020, 4:56 PM EST) -- On Dec. 18, the U.S. Securities and Exchange Commission issued a release proposing to change the definition of "accredited investor" under Rule 501(a) of Regulation D of the Securities Act of 1933.[1] One of the reasons offered for this change is to expand investor access to the large number of companies that are choosing to stay private longer....

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