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Rajib Chanda Quoted in Ignites on SEC’s Expansion of the Definition of an Accredited Investor
08.27.20
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Corporate Partner Rajib Chanda was quoted in an Ignites article titled, “SEC Expands Retail Access to PE, VC Funds.” The article highlighted how the SEC recently voted to pass a rule that would expand the definition of an “accredited investor,” allowing individual investors and eligible groups who do not meet that current high-net-worth threshold to be able to invest in private investments if they can prove that they understand the market well enough. Rajib noted that the final rule is substantially the same as the 2019 proposal. He said, “’Modernization' is the word they’re using, and I think that’s a fair word. It’s not revolutionary, it doesn’t open the floodgates to private markets investments by retail investors, it just cracks the door open a little bit more.”
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