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Letter to the Securities and Exchange Commission in Response to the SECs Proposed Rule on the Net Worth Standard for Accredited Investors MFA submitted a letter to the Securities and Exchange Commission in response to the SECs proposed rule on the net worth standard for accredited investors. The proposed rule provides a method for determining the value of a natural persons primary residence, which, under Section 413 of the Dodd-Frank Act, can no longer be counted in determining a natural persons net worth. In our letter, we expressed support for the proposed rule as a reasonable method to implement the mandate in Section 413 of Dodd-Frank.
March 11, 2011
Topics: net worth standard accredited investors, SEC, Securities and Exchange Commission, private funds, inflation, natural person, primary residence, net worth of a natural person, sophisticated investors, statutory mandate,
To:
Elizabeth Murphy, SEC