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SEC addresses questions about verifying accredited investors
With six Compliance and Disclosure Interpretations released by the Securities and Exchange Commission's Division of Corporation Finance, the agency has responded to questions and concerns about how issuers can verify accredited-investor status. The SEC relaxed rules on advertising and marketing private securities last year but required issuers to verify that investors have a net worth of at least $1 million in liquid assets. This article reviews agency clarifications on exchange rates, spousal assets and using Internal Revenue Service forms for verification.

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