Unlocking Capital – at Scale – Is Good for Everyone

Yesterday, Wednesday Nov. 29, the SEC’s Small Business Capital Formation Advisory Committee met to deliberate on topics including what it means to be an accredited investor. Supporters argue that it is high time for a revised definition, as the current one has not been updated since 1982. Others suggested it will help achieve gender parity and diversity while providing a platform for retail investors who are smart enough to understand the risks of private placement, yet excluded due net worth thresholds.