# Net Worth Standard for Accredited Investors
> **US Securities and Exchange Commission** · Final rule. · Published 2011-12-29 · Effective 2012-02-27 · 76 FR 81793
## Document
- **Document number:** 2011-33333
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 76 FR 81793
- **CFR reference:** 17 CFR 230
- **Publication date:** 2011-12-29
- **Effective date:** 2012-02-27
- **Docket:** Release Nos. 33-9287
## Abstract

We are adopting amendments to the accredited investor standards in our rules under the Securities Act of 1933 to implement the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act requires the definitions of "accredited investor" in our Securities Act rules to exclude the value of a person's primary residence for purposes of determining whether the person qualifies as an "accredited investor" on the basis of having a net worth in excess of $1 million. This change to the net worth standard was effective upon enactment by operation of the Dodd-Frank Act, but it also requires us to revise our current Securities Act rules to conform to the new standard. We also are adopting technical amendments to Form D and a number of our rules to conform them to the requirements of the Act and to correct cross-references to former Section 4(6) of the Securities Act, which was renumbered Section 4(5) by Section 944 of the Dodd-Frank Act.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/12/29/2011-33333/net-worth-standard-for-accredited-investors)
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