In response to a request for no-action submitted by the law firm Latham & Watkins on March 12, 2025 (No-Action Letter), the ...

The staff of the U.S. Securities and Exchange Commission (SEC) recently released a no action letter addressing when accredited investor status ...

“Some of the verification requirements would effectively negate what Congress had in mind,” Harvey L. Pitt, a former SEC chairman and now chief executive officer of Kalorama Partners ...

Firms likely to avoid verification steps out of an abundance of legal caution would be more likely to engage in 506(c) fundraising, Tate said. Republican SEC Commissioner Hester Peirce noted in ...