The Securities and Exchange Commission’s final rules and amendments conforming the net worth standard under the definition of accredited investor to the requirements of the Dodd-Frank Act went into effect today, causing the Division of Corporation Finance to withdraw and archive C&DI Questions 179.01 and 255.47, which addressed how to determine the value of an investor’s primary residence for purposes of calculating net worth. Any such future determinations should be made in accordance with the final rules.
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