In August of this year, the SEC "modernized" its Accredited Investor definition - one of the key eligibility requirements to participate in private capital markets. The SEC broadened its definition to provide greater access to capital for startup businesses and expanding investment opportunities for qualified investors.
Newsday reached out to Michael Lane to draw on his vast business experience to offer insight into what this rule change means for aspiring investors and startup businesses working to raise capital.
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Originally published on licapital.org.