SEC Adopts Higher Net Worth Threshold for Qualified Clients under the Advisers Act
By EsqSocial Corporation 22/06/16
In an order dated June 14, 2016, the Securities and Exchange Commission (SEC) adopted its prior proposal to increase the net worth threshold for "qualified clients" under Rule 205-3 of the Investment Advisers Act of 1940 (the Advisers Act) from $2...
By: Proskauer Rose LLP