Tag: 506(c)

on June 9, 2020 by Sara Hanks comment 0 category Broker Dealer, Capital Markets, Capital Raising, CapTable, Compliance, Digital Securities, FINRA, Investor Relations, KoreProtocol, Legal, Regulation, Secondary Markets, Security Token, Transfer Agent

The SEC has proposed amending the definition of “accredited investors.” Accredited investors are currently defined as (huge generalization here) people who have net worth of $1 million (excluding principal residence) or income of $200,000 ($300,000 with spouse) or entities that have assets of $5 million. Here’s the full definition. The whole point of the accreditation definition was that it…