Richer Accredited Investors

July 16, 2010
If, as expected, President Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, one provision that will go into effect immediately upon enactment and with no notice period affects all those issuing securities in private placements in the United States in reliance on Regulation D, by effectively raising the accredited investor net worth standard for natural persons. This update examines the potential impact of the new accredited investor standard and discusses matters to be addressed by issuers as a result of the change.