SEC Expands Accredited Investor and Qualified Institutional Buyer Categories
By EsqSocial Corporation 23/10/20
The Situation: The term "accredited investor" under the Securities Act of 1933 ("Securities Act") is used to establish the eligibility of investors to participate in offerings conducted under the most frequently used private placement exemptions. The U.S. Securities and Exchange Commission ("SEC") has considered, from time to time over the last several decades, modifying the coverage of the term to incorporate additional categories of individuals and entities. The Result: The SEC expanded the...
By: Jones Day