Keep the definition of accredited investor as is. Raising the bar would disqualify millions of investors from investing in startups. Right now an accredited investor has to make $200,000 in the last two years ($300,000 with a spouse) or have personal assets of over a million dollars (not including one’s primary home). The Dodd-Frank Act requires the SEC to review the definition this summer and thereafter every four years. The SEC is considering raising the income minimum to $500,000 and increasing the net worth criterion from $1 million to $2.5 million. It should leave the accredited investor criteria alone.
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