Federal Securities Law Source

Tag Archives: investment

House votes to expand access to accredited investor status

hand counting money representing accredited investorLegislation aimed at increasing access to investment opportunities for all individuals regardless of their income or wealth level passed the House recently on May 31, 2023. H.R. 2797, or, the Equal Opportunity for All Investors Act of 2023, shares the name of a similar bill that never made it past the House after its introduction … Continue Reading

Investment Advisers Face New Custody Rules

On December 30, 2009, the SEC adopted amendments to the custody and recordkeeping rules under the Investment Advisers Act of 1940 (the “Advisers Act”) and related forms. The amendments are designed to strengthen the prior custodial controls imposed by Rule 206(4)-2. When an adviser or its related person serves as a qualified custodian for client … Continue Reading