exclude the value of an individual’s primary residence

SEC Proposed Rules on Accredited Investor Net Worth Standard

On January 25, the SEC proposed amendments to its rules to conform the definition of “accredited investor” to the requirements of the Dodd-Frank Act. The proposals would exclude the value of an individual’s primary residence when calculating net worth and clarify the treatment of indebtedness secured by the residence in the net worth calculation. SEC Release. SEC Proposed Rule.