Simpson Thacher Attorneys Author Law360 Article on SEC Update to Verifying Accredited Investor Status
05.05.25
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Partners David Blass and Michael Wolitzer, and Counsel Adam Lovell, authored an article titled, “SEC Update May Ease Accredited Investor Status Verification,” which was published by Law360. The article discussed an SEC letter that appears to provide a new, practical route to verifying accredited investor status, which could open the door to far greater use of the so-called “general solicitation” offering exemption of Regulation D under the Securities Act of 1933. The article additionally explored the potential impact of the letter, including how it may allow for fund sponsors to generate publicity about funds they are launching without fear that they will lose the fund offering’s exemption from registering under the Securities Act.
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