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 »
Monthly Archives: September 2020
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 »