SEC amends rules to expand on definition of "accredited investor"

The U.S. Securities and Exchange Commission (SEC) adopted amendments on Wednesday, August 26 to several rules under the U.S. Securities Act of 1933 (Securities Act) to modernize, expand, and clarify the definition of "accredited investor" under Rule 501(a) and Rule 215 and the definition of "qualified institutional buyer" under Rule 144A.

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