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Tuesday, February 3, 2015

SEC - Vote On Definition of Accredited Investor: Open Meeting; 2.17 @ 2pm EST

Tuesday, Feb. 17, 2015

2 p.m. ET
Advisory Committee on Small and Emerging Companies will hold a public meeting by conference telephone call.
Location: Conference Call
Contact: Julie Davis, acsecquery@sec.gov
At the Dec. 17, 2014 meeting the definition of accredited investors was discussed. Many would like to change the definition to be more inclusive rather exclusive; that is, based on taking a test rather than net wealth. The effect is more investors in the market, especially for private placements and other structured products. Needless to say investment managers love the idea, but policy advocates believe it exposes the vulnerable to risk. The committee will receive advice from companies and small businesses with a market cap less than $250 million and vote at the end of the meeting. The meeting will be broadcast live on the website.