The Securities and Exchange Commission announced that its Advisory Committee on Small and Emerging Companies (Committee) will hold a public meeting on February 17 to vote on recommendations to the SEC regarding the definition of “accredited investor.” At the Committee’s prior meeting on December 17, 2014, the Committee discussed potential changes to such definition, including adjusting existing thresholds thereunder.
The Committee serves to provide advice and recommendations to the SEC regarding privately held small businesses and publicly traded companies with a market capitalization of less than $250 million.
Live audio from the upcoming Committee meeting will be available on February 17 on the SEC’s website.
The SEC’s press release can be read here.