InvestmentNew reported that the House Financial Services Committee House committee approved a measure that would expand the kind of investors who can purchase unregistered securities.
According to the report, the bill would add two new categories. It would allow investment advisers and brokers to participate in private offerings. It also would approve those investors whom the Securities and Exchange Commission (SEC) “determines have demonstrable education or job experience to qualify as having professional subject-matter knowledge related to a particular investment,” a committee memo states.
The bill now heads to the House floor.
“We’re trying to expand opportunities for Americans to participate in taking a risk but also engaging in the benefits of the upside using their knowledge, not only just a threshold that says you get to invest just because you have wealth,” Rep. David Schweikert, the author of the bill, said during debate.
AAII covers a number of investment opportunities to help our members achieve their financial goals. With the rise in popularity in crowdfunding, here are some articles on the topic:
- Crowdfund Investing: An Exciting New Alternative for Individual Investors
- Be Wary of Crowd Funding Start-Ups
- Fundraising Requirements Loosen for Smaller Companies
These articles are only a few examples of the many benefits of AAII membership. To learn more, consider a risk-free 30-day Trial AAII Membership to start becoming an effective manager of your own assets.