The SEC has issued a Small Entity Compliance Guide on the new “accredited investor” standard.   Section 413(a) of the Dodd-Frank Act requires that the value of a person’s primary residence be excluded when determining whether the person qualifies as an “accredited investor” on the basis of having a net worth in excess of $1 million.  The guide gives examples of the required net worth calculations and provides other useful information about the application of the net worth standard.

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