SEC Expands Accredited Investor Definition

www.sec.gov/news/press-release/2020-191

You can only make certain types of investments if you are an accredited investor (i.e buying private pre-IPO shares). The definition used to be $1m of investible assets or $200K in annual income. Now they have slightly widened the definition so that more people can be considered Accredited investors, which will allow more people to have access to better (different) opportunities. Really good move by the SEC!