Senate Introduces Legislation to Change Accredited Investor Definition 

Senator Tim Scott (R-SC) is proposing to change the definition of “accredited investor” to allow more Americans to participate in the private securities market. Currently, to be an accredited investor, an individual must have $1 million in net assets or an annual income of at least $200,000. The proposal would allow individuals to qualify as an accredited investor by passing an exam. 

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