Mohamed El-Sayed

Mohamed El-Sayed

Venable LLP

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Private Funds Get a Break: SEC No-Action Letter Offers Relief for Private Fund Verification

In a March 12, 2025 no-action letter, the SEC staff provided commonsense guidance relating to verification of accredited investor status under rule 506(c). The guidance aligns with industry practice and has the potential to...more

4/4/2025  /  Accredited Investors , Exemptions , Fund Managers , Investment Advisers Act of 1940 , Investment Funds , No-Action Letters , Private Funds , Regulatory Requirements , Rule 506(c) , Securities Regulation
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