SEC looks to add more “Accredited Investors” to boost funding of smaller companies
The SEC is moving ahead with changes to the “Accredited Investor” definition which would allow a significant number of new individuals and institutions to invest in private securities offerings.
The new proposal would permit those with the financial knowledge and sophistication to be considered Accredited Investors, regardless of annual income or net worth.
These changes are considered an important component to help drive more investment in smaller early-stage enterprises which the Commission hopes will encourage them to go public earlier in their growth cycle. https://lnkd.in/gJ9skmJ