Rule 14a-4(a)(3) of the Exchange Act of 1934 requires that the form of proxy “identify clearly and impartially each separate matter intended to be acted upon.”1 Rule 14a-4(b)(1) further requires that the form of proxy provide separate boxes for shareholders to choose between approval, disapproval or abstention “with respect to each separate matter referred to…
Author: Andrew Kang
The Uncertain Future of the “Accredited Investor” Definition
Introduction: what is an “accredited investor” and why does it matter? Under the Securities Act of 1933 (the “Act”), the issuer of any securities offering must follow the strict registration and disclosure requirements of the Securities & Exchange Commission (the “SEC”), unless such offering is subject to an exemption.1 One such exemption applies to offerings…