March 28, 2020

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SEC Proposes Changes to Accredited Investor Definition

Real estate syndication offerings normally count on Rule 506 of Regulation D to exempt these kinds of offerings from registration less than the Securities Act. Rule 506 necessitates that, with sure confined exceptions, purchasers of the securities offered are confined to accredited buyers. Amendments proposed by the SEC in December modify sure of the existing categories of accredited buyers and develop sure new categories.