Regulatory & Compliance
The 3(c)(7) Exemption: What Qualified Purchaser Status Actually Means for Private Fund Investors
Section 3(c)(7) of the Investment Company Act exempts private funds from SEC registration if securities are sold only to "qualified purchasers" — individuals with $5M+ in investments (not net worth —
Jeff Barnes, MBA··7 min read
Regulatory & Compliance
SEC's First Rule 18f-4 Enforcement: What Every ETF Investor Needs to Know
The SEC just issued its first-ever enforcement action under Rule 18f-4 — the derivatives risk management rule for investment companies. The target was Simplify Asset Management. The penalty was
Jeff Barnes, MBA··6 min read
Regulatory & Compliance
Accredited Investor vs Qualified Purchaser: The $5 Million Line That Changes Your Investment Access
TL;DR: The Threshold That Gates Private Investment According to the SEC's official accredited investor page, you need either $1 million in net worth or $200,000 in annual income to access most privat
Jeff Barnes, MBA··9 min read