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The SEC recently adopted rules to conform the definition of "accredited investor" to the change implemented by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

On Wednesday, June 10, 2013, the SEC approved amendments to Rule 506, Rule 144A and Form D to accommodate Section 201(a) of the JOBS Act, which requires the SEC to eliminate the prohibition against general solicitation and advertising in offerings made in reliance on Rule 506 and Rule 144A.