Monthly Archives: September 2020

SEC Approves Update of “Accredited Investor” and “Qualified Institutional Buyer” Definitions

On August 26, 2020, the Securities and Exchange Commission (the “SEC”) voted 3-2 to adopt its proposed revisions to expand the definition of “accredited investor” (“AI”) and “qualified institutional buyer” (“QIB”), which marked the first major revision since 1982.  The revisions included:  (i)  the new definition of AI allows an individual who holds certain professional… Read more »

Thoughts on Commercial Solutions During Pandemic

The following is not legal advice but things that came out of interactions with clients during the COVID-19 outbreak. Federal, State and Local Programs The CARES Act and the follow-on laws that may come give money and authority to the Treasury, but it and its agencies do not want to be in the direct support… Read more »