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January 30, 2019  

Political Divide Portends Impasse on Rule-Making

Accredited Investors — SECIn outlining his priorities for 2019, SEC Chairman Jay Clayton said he wants the agency to review the definition of accredited investor. As it stands, private-fund operators can offer shares to individuals with a net worth of more than $1 million, or annual income of at least $200,000 ($300,000 for married couples filing jointly). Industry professionals have long debated whether net worth and income are sufficient...

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