On October 9, 2014, the Investment Advisory Committee of the SEC issued its much awaited recommendations on the "Accredited Investor" definition of Regulation D of the '33 Act. This is in response to the SEC's Request for Comments on the definition of "Accredited Investor" in its release relating to Proposed Rules for Regulation D and Form D, which mainly related to general solicitation (for the full text of that release, see here). Since then, there have been numerous comments and concerns relating to proposals that would increase the wealth and income levels needed to qualify as an Accredited Investor – many asserting that a dramatic increase would severely hurt the ability of emerging companies in the US to attract the investment capital they need to build their businesses.
