House vote advances bill to set SEC test to become accredited investor
The legislation seems to strike a balance between concerns about allowing ordinary investors to buy private placements and creating opportunities for them to diversify their portfolios.
Investors would qualify to buy private securities if they pass an SEC test under legislation that gained strong bipartisan approval in the House Wednesday night.
Under the bill, the Equal Opportunity for All Investors Act, individuals would become certified as accredited investors after successfu
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