Accredited Investor Definition Regulation - Comment Letter - Investment Adviser Association - March 9, 2011

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Dodd-Frank Timeline,
Net Worth Standard for Accredited Investors, SEC
Proposal Date Final Rule Issue Effective Date
January 31, 2011 December 29, 2011 February 27, 2012

Net Worth Standard for Accredited Investors
March 9, 2011

According to the comment letter, the association:

  • supports using the value of a natural person's primary residence as method in the proposed rule;
  • recommends "allow[ing] for subsequent investments by an investor who previously qualified as accredited but was disqualified by the change effected by section 413(a) of the Dodd-Frank Act;" and
  • "propose[s] a minimum one year grace period for follow-on investments by investors who previously qualified as accredited," as well as additional transition guidelines to curtail disruption between companies and investors.


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