Dodd-Frank’s New Net Worth Standard for Accredited Investors
In the fourth quarter of 2011, the Securities and Exchange Commission (SEC) released an amended rule governing the new net worth standard for accredited investors under the Dodd-Frank Act. Under the amended rule, only individuals with net worth amounting to $1 million or more will qualify as accredited investors and can participate in private placements and offerings. This and many other components of the law threaten to send shockwaves through the industry.
In a-two hour live webcast, a panel of thought leaders and key experts organized by The Knowledge Group will provide an in-depth discussion to help you understand the most critical elements of the rule and its potential effects on investment industry as a whole.
Blake Hornick, Partner,
Seyfarth Shaw LLP
- Description of Rule
- Impact on Reg D Private Placements
- JOBS Act Provisions on General Advertisement and Solicitation
- JOBS Act Provisions increasing 500 private company shareholder maximum to 2000 shareholders or 500 non-accredited shareholders.
James N. Kinney, Partner,
- Why the new rules?
- Dodd-Frank requirement – the new rule
- Background and Summary
- Impact to sales of unregistered securities
- Impact on hedge funds investments, etc
- Performance Fee changes
- Future impact
Who Should Attend:
- Finance Executives
- Finance Attorneys
- Investment Attorneys
- Finance and Investment Consultants
- Directors & Officers
Blake Hornick, Chair of the National Securities Practice, is a partner in the New York office of Seyfarth Shaw LLP concentrating his practice on federal securities laws and merger and acquisition transactions. Mr. Hornick has over thirty years of experience in securities law and is also a frequent author and speaker on securities and capital markets regulatory issues.
Mr. Hornick represents public and private companies in corporate governance matters and in all aspects of securities work in the federal 1933 and 1934 Acts, ranging from registered direct transactions, confidentially marketed underwritten offerings, conventional follow-on underwritten offerings, PIPEs, and other private placements and IPOs, from both the issuer and underwriter side, to the filing of periodic and current reports with the Securities and Exchange Commission. He currently represents a major office REIT in the Northeast in all of its securities work and is a member of the NAREIT SEC Subcommittee.
Blake Hornick, Chair of the National Securities Practice, is a partner in the New York office of Seyfarth Shaw LLP …
James N. Kinney is the Partner-In-Charge of WeiserMazars LLP’s Financial Services Group. Jim’s practice focuses on auditing financial statements and providing insightful financial, tax, and regulatory consulting to a wide variety of financial services providers. His extensive list of clients includes brokers and dealers in securities, investment partnerships and hedge funds, (both domestic and offshore), mutual funds, Small Business Investment Companies, commodity pool operators, and investment advisers. Outside of Financial Service, Jim has a significant background working with publishing groups, professional firms (law & engineering), and manufacturing companies.
James N. Kinney is the Partner-In-Charge of WeiserMazars LLP’s Financial Services Group. Jim’s practice focuses on auditing financial statements and …
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About Seyfarth Shaw LLP
Seyfarth’s corporate attorneys possess the broad, in-depth experience necessary to serve a diverse client base, ranging from start-up ventures to middle-market companies to large multinational corporations. We provide clients with guidance on key decisions that determine long-term success in today’s highly competitive and uncertain business environment. Since corporate matters frequently involve many legal disciplines, our attorneys regularly draw on the resources of Seyfarth’s other practice areas including employee benefits, executive compensation, intellectual property, labor and employment, real estate, environmental, and bankruptcy to deliver coordinated, seamless service. In this way, our clients reap the benefits of a full-service law firm.
About WeiserMazars LLP
Since 1921, WeiserMazars LLP has provided a unique combination of foresight and experience when fulfilling client needs in accounting, tax and advisory services. Named a top U.S. accounting firm by Accounting Today in 2012, WeiserMazars’ team of professionals brings technical expertise, industry insight and an integrated, customized approach to dealing with the critical issues and competitive challenges facing the firm’s clients. Whether on the local level or internationally, the firm guides clients through their day-to-day operations and works with them to ensure they have the right financial structure in place to meet their business goals.
WeiserMazars’ team of over 100 partners and approximately 700 professionals is based out of six U.S. offices, Israel and the Cayman Islands. As the independent U.S. member firm of the Mazars Group – a prominent international accounting, audit, tax and advisory services organization with over 14,000 professionals in 68 countries on six continents – WeiserMazars represents clients of all types, including owner-managed businesses, complex, multi-national organizations and high net worth individuals in a multitude of industries. For more information visit us at www.weisermazars.com