Capital formation (1 - 2 of 2 items)
Securities and Exchange Commission: Alternative Criteria for Qualifying As An Accredited Investor Should Be Considered
GAO-13-640: Published: Jul 18, 2013. Publicly Released: Jul 18, 2013.
Of the existing criteria in the Securities and Exchange Commission's (SEC) accredited investor standard, many market participants identified net worth as the most important criterion for balancing investor protection and capital formation. For example, two market participants said the net worth criterion, more so than income, likely indicates the investors' ability to accumulate wealth and their i...
Securities Regulation: Factors That May Affect Trends in Regulation A Offerings
GAO-12-839: Published: Jul 3, 2012. Publicly Released: Jul 3, 2012.
The number of Regulation A offerings filed and qualified (that is, cleared) by the Securities and Exchange Commission (SEC) has declined significantly after peaking in fiscal years 1997 and 1998, respectively. In particular, offerings filed since 1997 decreased from 116 in 1997 to 19 in 2011. Similarly, the number of qualified offerings dropped from 57 in 1998 to 1 in 2011. Securities attorneys GA...