SEC OIEA Explains Meaning of "Accredited Investor"

In an updated Investor Bulletin, the SEC Office of Investor Education and Advocacy ("OIEA") explained what it means to be an accredited investor. The OIEA also provided information on how to calculate net worth for purposes of determining whether a person qualifies as an accredited investor, and clarified that the value of an investor's primary residence is not included in the net worth calculation.