Legal Update: Dodd-Frank Redefines "Accredited Investor" and the SEC Provides New Guidance

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This blog posting is an update to our blog posting entitled Legal Update: Dodd-Frank Redefines "Accredited Investor", in which we explained that Section 413(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act amended the definition of "accredited investor" under Rule 215 of the Securities Act of 1933 and Rule 501 of Regulation D to exclude the value of an investor's primary residence from the $1 million net worth calculation.

Please see full article below for more information.

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Topics:  Accredited Investors, Dodd-Frank, SEC

Published In: Administrative Agency Updates, Consumer Protection Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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