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

I am grateful to have found an outstanding law firm that specializes in securities matters. My lawyers were extremely knowledgeable, diligent, and are skilled litigators. No stone was left upturned. As a result of their experience and tenacity, the arbitration proceeding was dismissed in my favor.

Michael E.

LATEST NEWS AND ARTICLES

March 12, 2026
Cape Coral Becomes Ground Zero for Private Lending Strains in Post-Pandemic Housing Market

Cape Coral, Florida, long a magnet for out-of-state real estate investors, now illustrates the growing risks of private lending in residential development.

March 11, 2026
SEC and Commonwealth Financial Network Move Toward Settlement in Revenue Sharing Disclosure Case

The Securities and Exchange Commission (SEC) and Commonwealth Financial Network notified a federal court that they are attempting to resolve a long running enforcement dispute involving alleged disclosure failures tied to revenue sharing payments, according to ThinkAdvisor.

March 10, 2026
Northern Trust Faces $35 Million Elder Abuse Lawsuit Over Alleged Trust Theft

Northern Trust faces a lawsuit seeking at least $35 million in damages over allegations that its former vice president stole millions from a $20 million legacy trust belonging to an elderly beneficiary, according to ThinkAdvisor.