Securities and Exchange Commission Rule Change Would Devastate Small Business

Securities and Exchange Commission Rule Change Would Devastate Small Business: "he U.S. Securities and Exchange Commission (SEC) is considering a rule that would reduce the number of small business and start-up investors by 60 to 70 percent by increasing the income and net worth thresholds for "accredited investors" found in what is known as Regulation D. Regulation D was a rule adopted by the SEC in 1982, allowing companies to raise unlimited money and sell securities to accredited investors (persons with an income or net worth above a respective $200,000 or $1 million, or financial institutions), says David R. Burton, a senior fellow in economic policy at the Heritage Foundation."



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