UPDATE: SEC Adopts Amendments to Accredited Investor Definition

The amended accredited investor definition will become effective December 8, 2020

We previously posted a blog regarding the SEC's recent expansion of the accredited investor definition. The Final Rule Release stated that the amended definition would become effective 60 days after publication in the federal register. The amendment was published on October 9, 2020 and therefore will become effective December 8, 2020. 

If you have any questions about the accredited investor definition or private offerings, please feel free to contact us. 

By the Investment Management and Broker-Dealer Team at Kilpatrick Townsend

Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their