A Smoother Path to Accredited Investor Status: Recent SEC No-Action Letter Greases the Skids

Written by: Aaron Krowne, Esq. The Securities and Exchange Commission (SEC) has introduced practical new guidance that makes it easier to verify accredited investor status in private offerings. Through a recent no-action letter, the agency has lowered the friction involved in Rule 506(c) offerings, allowing issuers to rely on more streamlined verification methods without sacrificing […]