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SEC broadens the definition of the Accredited investors, significant changes include: Holders of certain professional licenses that are deemed to demonstrate relevant professional knowledge. Currently, this includes holders of SEC Series 7, Series 65, and Series 82 licenses, although the SEC has invited the public to propose additional certifications, designations or credentials that should be included in this definition. For investment in a private fund, “knowledgeable employees” of the private fund.
December 14, 2020
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On Monday, November 2 SEC decided to raise the offering limit in Regulation Crowdfunding from $1.07 million to $5 million; A major milestone for tech startups raising money, as the $1.07m often is too low to cover the capital needs of a fast-growing startup.
December 14, 2020
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