House Approves Several Bills Expanding Investment Opportunities

Posted on June 6th, 2023 at 10:52 AM
House Approves Several Bills Expanding Investment Opportunities

From the Desk of Jim Eccleston at Eccleston Law.

The full House has passed the Equal Opportunity for All Investors Act of 2023, which among other things would require the Securities and Exchange Commission (SEC) to devise a test for investors to be certified as accredited investors.

Currently, the accredited investor definition imposes wealth threshold requirements to determine who qualifies as an accredited investor. Those thresholds have served as a means of safeguarding investors by ensuring that only individuals or entities with sufficient financial resources and knowledge can participate in certain investment opportunities.

The SEC defines an accredited investor as an individual with a net worth of at least $1 million (excluding their primary residence) or an annual income of $200,000 ($300,000 for married couples) for the past two years with a reasonable expectation of reaching the same income level in the current year. According to ThinkAdvisor, the exam will be established by the SEC and administered by the Financial Industry Regulatory Authority (FINRA).

Just yesterday, the full House passed two more accredited investor-related bills. The Accredited Investor Definition Review Act updates the list of certifications that an investor must satisfy to qualify as an accredited investor. Additionally, the Fair Investment Opportunities for Professional Experts Act, sponsored by Rep. French Hill, R-Ariz., expands the accredited investor definition, “thereby increasing the pool of investors for small and emerging companies in need of capital — especially minority entrepreneurs who often struggle to secure funding — and providing more Americans with additional investment opportunities”, according to Hill.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory and disciplinary matters.

Tags: House, Securities and Exchange Commission, SEC, FINRA

Return to Archive

TESTIMONIALS

Previous
Next

The work that you and your team have performed on my behalf is exemplary.

JT

LATEST NEWS AND ARTICLES

November 25, 2025
Financial Advisor Accepts FINRA Bar Amidst Investigation into Alleged Misappropriation

A financial advisor affiliated with a credit union connected to Raymond James Financial agreed to an industry bar after declining to cooperate with FINRA’s investigation into allegations that he misappropriated client funds.

November 24, 2025
Kyle Busch Alleges Considerable Losses in Indexed Universal Life (IUL) Scheme

Kyle Busch, a two-time NASCAR Cup Series champion, and his wife Samantha announced that they lost more than $8.6 million in what they describe as a “devastating financial scheme” involving an Indexed Universal Life (IUL) insurance policy.

November 21, 2025
FINRA Fines Independent Financial Group for Allowing Suspended Broker to Place Trades

The Financial Industry Regulatory Authority (FINRA) issued a censure and $100,000 fine against Independent Financial Group (IFG) after finding that the IFG allowed a suspended and statutorily disqualified broker to continue placing trades.