SEC Dramatically Expands Investor Access to Private Financings

On August 26, 2020, the Securities and Exchange Commission (the “SEC”) announced rule amendments intended to dramatically expand certain categories of investors who may participate in private placements of securities. The amendments to Rule 501 of Regulation D (“Regulation D”) under the Securities Act of 1933, as amended (the “Securities Act”) will confer “accredited investor” designation on several new categories of individuals or entities, dramatically expanding the number of persons who may...<BR />By: <a href="https://www.jdsupra.com/profile/dentons/">Dentons</a>

Array