Accredited Investor Definition Regulation - Comment Letter - International Association of Small Broker Dealers and Advisors - February 9, 2011
|Proposal Date||Final Rule Issue||Effective Date|
|January 31, 2011||December 29, 2011||February 27, 2012|
Net Worth Standard for Accredited Investors
February 9, 2011
The comment letter focuses on the following issues:
- "how to treat debt incurred on a home and assets purchased with that debt or as the release calls it proceeds of debt secured by primary residence incurred to invest in securities;" and
- "the weakness of not having an alternative sophistication test."