Securities and Exchange Commission: Net Worth Standard for Accredited Investors
GAO-12-356R: Jan 12, 2012
- Full Report:
GAO reviewed the Securities and Exchange Commission's (Commission), new rule on the net worth standard for accredited investors. GAO found that (1) the final rule amends the accredited investor standards in the Commissions rules under the Securities Act of 1933 to implement the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act; and (2) the Commission complied with the applicable requirements in promulgating the rule.