H.R. 3339
Lets people qualify as accredited investors by exam
Adds an exam path for individuals to be treated as accredited investors, letting them take part in private securities offerings without meeting income or net worth rules.
- Passing the exam would let a person buy into private securities offerings
- The exam would be set up by the Securities and Exchange Commission
- It must be free to the public and given by a registered securities group
- It must test knowledge such as the disclosure rules for different securities
Passed the House · Senate's turn