MFA Comments on SEC Accredited Investor Definition Proposal
March 13, 2020
On March 13, MFA and AIMA letter in response to the SEC proposed amendments to the definition of accredited investor. In the letter, we support the SEC’s determination to maintain financial thresholds as independent, objective qualification methods, and to include knowledgeable employees of private fund advisers as accredited investors to better align the interests of investors and advisers. We also support expanding the existing scope of entity types that meet financial thresholds that can qualify as accredited investors to promote consistency across different corporate forms.