SEC Advisory Committee will Consider Accredited Investor Definition

 CrowdFund Beat News Wire, 


  9:30 a.m. Co-Chairs Call Meeting to Order

Introductory Remarks by Chair White and Commissioners


10:00 a.m.


Consideration of Written Recommendations on Accredited Investor Definition


10:30 a.m. Committee Discussion of State Preemption in the Context of Regulation A+


11:00 a.m. Presentation and Q&A on Secondary Market Liquidity Generally/Formalizing Section 4(a)(1½)

  • Annemarie Tierney, Executive Vice President – Legal and Regulatory, General Counsel, SecondMarket Holdings, Inc.


11:30 a.m.


Committee Discussion of Section 4(a)(1½) and Secondary Market Liquidity


12:15 a.m. Lunch Break


 1:45 p.m. Presentation and Q&A on Secondary Market Trading Venues/Venture Exchanges

  • David Weild, Chairman & CEO of IssuWorks and Weild & Co.
  • Vincent Molinari, CEO & Founder of Gate Global Impact


2:30 p.m. Committee Discussion of Venture Exchanges and Secondary Market Trading Issues


3:15 p.m. Discussion of Next Steps/Future Topics


3:30 p.m. Adjournment

The SEC announced that at the December 17th meeting of the Advisory Committee on Small and Emerging Companies, the group will focus on the definition of “accredited investor.”  As we have written in prior posts, the Dodd-Frank Act requires that every four years the SEC consider the definition.  In addition, following the relaxation of the prohibition on general solicitation, consumer groups and state securities regulators have focused on the appropriateness of the definition.  The meeting is webcast on the SEC’s site.  Here is the SEC’s press release:


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