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SEC Small Business Forum Focuses on Secondary Market Liquidity, Accredited Investor Definition
On November 20, the Securities Exchange Commission (SEC) held its annual Government-Business Forum on Small Business Capital Formation. During the daylong event, panelists focused on two important issues – secondary market liquidity for securities of small businesses and the potential revision of accredited investor definition. The SEC has posted both the panelists’ presentations and an archived webcast of the morning session. Presentations from the SEC and the Angel Capital Association (ACA) provide up-to-date statistics and infographics on the potential economic impacts of revising the accredited investor definition, including current share of angel group deals by U.S. region and number of individual/households who would qualify under proposed increase in the threshold for accreditation.