UPDATE SEC Adopts Amendments to Accredited Investor Definition

Kilpatrick Townsend & Stockton LLP

The amended accredited investor definition will become effective December 8, 2020. 

We previously posted a blog regarding the SEC's recent expansion of the accredited investor definition. The Final Rule Release stated that the amended definition would become effective 60 days after publication in the federal register. The amendment was published on October 9, 2020 and therefore will become effective December 8, 2020. 

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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