Thursday, January 06, 2011

Washington State Adopts Dodd-Frank Accredited Investor Definition

Washington State's accredited investor definition is amended, effective January 21, 2011, to exclude the value of an investor's primary residence from the $1 million net worth calculation to reflect the modification of the federal "accredited investor" definition under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

For more information please see http://www.dfi.wa.gov/sd