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Accredited Investor Definition set to expand soon

The SEC has recently published a proposed amendment to expand the “Accredited Investor” definition to go beyond financial net worth.  Certain certified educational and insider knowledge will suffice, coming closer to the definition of “sophisticated” under Rule 506. In addition, LLC’s are now incorporated into the definition, among Indian tribe, government and other communities.   Stay tuned as the rule hopefully goes effective in mid-October!