Month: December 2011

Net Worth Standard for Accredited Investors – Securities Act Release No. 9287

On December 21, 2011, the Securities and Exchange Commission, in Securities Act Release No. 9287, amended net worth standard in the definition of “accredited investor” excluding the value of a person’s home from net worth calculations in order to participate in unregistered securities offerings as required by the Dodd-Frank Wall Street Reform Act and Consumer …

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Updated: New Account Application Template

FINRA recently updated the New Account Application Template to reflect FINRA’s new suitability rule. The template is a voluntary model that was designed for firms to use when creating or modifying their own account applications. Some of the significant features of the template include: Instructions and other information presented in plain-English, Highlights of key disclosures, and Incorporation …

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