If You Live There It Doesn’t Count: SEC Adopts New Accredited Net Worth Standard

Simon Riveles Uncategorized

In order to conform to the requirements of Dodd-Frank, the SEC has amended its rules to exclude the value of a person’s primary residence from net worth calculations used to determine whether such individual is an “accredited investor” for purposes of qualifying for certain private offerings under the securities laws. SEC rules permit certain private and limited offerings to be made without registration, and without …

SEC Adopts Large Trader Reporting Rule

Simon Riveles Uncategorized

On July 26, 2011 the SEC adopted new reporting requirements for traders of large volumes of stock in response to the perceived lack of transparency associated with the flash crash of 2010. The rule

SEC Adopts Family Office Definition

Simon Riveles Uncategorized

On June 22, 2011, SEC adopted proposed rules relating to the definition of family offices under the Advisers Act, as set forth in Dodd-Frank. Historically, family offices have not been required to register