Changes To Accredited Investor Rules Take Priority At SEC

Law360 (August 13, 2019, 7:03 PM EDT) -- A U.S. Securities and Exchange Commission official said Tuesday that the agency expects to propose revisions to longstanding rules that determine who can invest in private offerings before it moves on to additional questions concerning the regulation of nonpublic offerings.

Bill Hinman, director of the SEC's Division of Corporation Finance, said updating the definition of an "accredited investor" is a top priority, given its important role in shaping the market for private placements. The SEC is also mulling how to make private capital raising simpler in general.

"That will make harmonization easier," Hinman told the SEC's Small Business Capital Formation Advisory...

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