New Five-Year Accreditation Lookback Rules and What They Mean

March 15, 2021 | Nick Goss

Securities and Exchange Commission rule amendments go live today that aim to simultaneously harmonize the exempt offering framework while reducing complexities faced by investors and businesses in complying with their obligations in accessing investment opportunities and capital.

SEC Expands Accredited Investor Definition - Parallel Markets Tech Leads the Way

August 26, 2020 | Nick Goss

NEW YORK, Aug. 26, 2020 /PRNewswire/ – The Securities and Exchange Commission (the “SEC”) today took an initial step towards democratizing access to private investments by expanding the definition of an “accredited investor” to include persons who have demonstrated certain levels of financial sophistication. Qualifying as an “accredited investor” is important because it is a regulatory prerequisite to participation in private investment opportunities, including private equity, hedge funds, venture funds, start-ups and real estate.

Former MealPal CTO Joins Parallel Markets

August 21, 2020 | Nick Goss

NEW YORK, Aug. 21, 2020 /PRNewswire/ – Parallel Markets Inc. (“Parallel”), a market leader in the digital identity space, today announced that Alan Norton has joined as a Senior Engineer to help support and grow Parallel’s investor identity platform.

Toward a Well-Functioning Private Securities Market

June 16, 2020 | Nick Goss

A number of well-financed players are competing to be the first to bring a viable private securities exchange to market. The objective is not a new one. We are in the middle of a thirty-year trend of increased efficiencies and liquidity in privately held securities, but the race does seem to be heating up.

SEC Proposed Amendment Would Broaden Access to Private Markets

January 16, 2020 | Nick Goss

On December 18, 2019, the Securities and Exchange Commission released a proposed amendment to the definition of an “accredited investor” that would broaden the categories of qualifying persons and entities. The new categories are based on, among other things, professional knowledge, experience and/or certifications.