10.02.19
SEC Asks About Changing Accredited Investor Rule; Comments Pour In
by: Ginger Szala
More than 130 individuals, firms, and associations responded to the SEC’s request for comments on its Concept Release on Harmonization of Securities Offering Exemptions. The deadline for comments was September 24, and many of the comments received focused on the SEC’s question on whether to relax the “accredited investor” rule of Regulation D. The rule affects many other aspects discussed in the concept release, in which the SEC proposes several exemptions that would help capital fundraising. “We believe our capital markets would benefit from a comprehensive review of the design and scope of our framework for offerings that are exempt from registration,” states the SEC. “More specifically, we also believe that issuers and investors could benefit from a framework that is more consistent and addresses gaps and complexities.”
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