Proposed rule amendments to revise the SEC’s definition of an accredited investor were recently moved forward by the regulator. FrontLine’s Founder and President, Amy Lynch, states that the SEC’s potential rule amendments could be problematic and expose certain investors to higher risks, based on amended definitions of what would qualify an individual for accredited investor privileges. With tweaked definitions that go beyond just wealth standards, Ms. Lynch sees potential new risks for the Mom and Pop investor advised by a professional money manager, which would meet the revised criteria of an accredited investor. See IGNITES (subscription required), “SEC Moves to Expand Investor Access to Private Markets”
