November 15, 2010
As a small business owner and entrepreneur I am writing to strongly advice against raising accredited investor requirements. Without smaller contributions from lower level investors I would not be able to work in this economy making the most of my skill set:
Please do not allow this to pass?
Section 413 of the Dodd-Frank Act requires the SEC to:
adjust any net worth standard for an accredited investorso that the individual net worth of any natural person, or joint net worth with the spouse of that person, at the time of purchase, is more than $1,000,000 (as such amount is adjusted periodically by rule of the Commission), excluding the value of the primary residence of such natural person, except that during the 4-year period that begins on the date of enactment of this Act, any net worth standard shall be $1,000,000, excluding the value of the primary residence of such natural person.