The SEC has amended its rules to exclude the value of a person’s home from net worth calculations. These calculations are used to determine whether an individual may invest in certain unregistered securities offerings. The changes were made to conform the SEC’s definition of an “accredited investor” to the requirements of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
SEC Adopts Net Worth Standard for Accredited Investors Under Dodd-Frank Act
