We are adopting amendments to the accredited investor standards in our rules under the Securities Act of 1933 to implement the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act requires the definitions of ``accredited investor'' in our Securities Act rules to exclude the value of a person's primary residence for purposes of determining whether the person qualifies as an ``accredited investor'' on the basis of having a net worth in excess of $1 million. This change to the net worth standard was effective upon enactment by operation of the Dodd-Frank Act, but it also requires us to revise our current Securities Act rules to conform to the new standard. We also are adopting technical amendments to Form D and a number of our rules to conform them to the ...
... primary residence from the net worth calculation became effective upon enactment of the Dodd-Frank ...
Taxation - Franchise tax - Calculation of tax under the net worth basis pursuant to the language of R.C. 5733.05(A) as it read during tax years 1990 through 1993.
... the Dodd-Frank Act provides that the calculation of an individual's net worth for the purposes of q...
... investor" continues to provide for a net worth threshold for natural persons of $1,000,000; howev... of the threshold the net worth calculation excludes the person's primary residence. 2) Inde...
There is a deep flaw in the logic behind the positions adopted by the AICPA and the SEC on the treatment of consolidation transactions involving subsidiary stock. The same can be said of the arguments raised by the FASB in support of the line held by the AICPA and the SEC. The flaw lies in the argument that the recognition of accounting gain (or loss) is the best way to treat consolidation problems. Case studies show that these problems are more effectively resolved if changes in net worth are excluded from the calculation of net income of parent companies involved in such deals.
The Securities and Exchange Commission (``Commission'' or ``SEC'') is adopting amendments to the rule under the Investment Advisers Act of 1940 that permits investment advisers to charge performance based compensation to ``qualified clients.'' The amendments revise the dollar amount thresholds of the rule's tests that are used to determine whether an individual or company is a qualified client. These rule amendments codify revisions that the Commission recently issued by order that adjust the dollar amount thresholds to account for the effects of inflation. In addition, the rule amendments: provide that the Commission will issue an order every five years in the future adjusting the dollar amount thresholds for inflation; exclude the value of a person's primary residence and certain asso...
... test of whether a person has sufficient net worth to be considered a qualified client; and add certa... requirements and restrictions on calculation of performance fees. See id. at Sections II.C-E. -...
... or "any natural person whose individual net worth, or joint net worth with that person's spouse, at ... remains at $1,000,000; however, calculation of net worth for purposes of the threshold exclude...
... a person's primary residence from the net worth calculation and clarify the treatment of borrowing...
... the extent of a disability-based net worth and income gap among U.S. households. The sample i... mortgages) was not included for calculation of total net worth because the asset measures alre...
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