The 3(c)(7) Exemption: What Qualified Purchaser Status Actually Means for Private Fund Investors
    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
    SPACs Are Back in 2026: What the 2024 SEC Rules Fixed and Didn't
    Regulatory & Compliance

    SPACs Are Back in 2026: What the 2024 SEC Rules Fixed and Didn't

    Regulatory Compliance · Accredited Investor Education SPACs Are Back in 2026: What the 2024 SEC Rules Fixed — and Didn't By Jeff Barnes, MBA | Angel Investors Network | July 27, 2026 TL;DR SPACs are back. The 2024 SEC…

    Jeff Barnes, MBA··12 min read
    SEC Greenlights On-Chain Accredited Investor Attestations for Rule 506(c) Tokenized Offerings
    Regulatory & Compliance

    SEC Greenlights On-Chain Accredited Investor Attestations for Rule 506(c) Tokenized Offerings

    SEC Rule 506(c) On-Chain Attestation: What Issuers Must Know | Angel Investors Network SEC Greenlights On-Chain Accredited Investor Attestations for Rule 506(c) Tokenized Offerings By Jeff Barnes, MBA

    Jeff Barnes, MBA··11 min read
    24.3 Million American Households Are Accredited Investors. Most Don't Know It.
    Regulatory & Compliance

    24.3 Million American Households Are Accredited Investors. Most Don't Know It.

    Accredited Investor Population 2026: Who Qualifies and How Many 24.3 Million American Households Are Accredited Investors. Most Don't Know It. By Jeff Barnes, MBA — July 1, 2026 TL;DR 24.3 million U.S

    Jeff Barnes, MBA··12 min read
    Rule 506(b) vs. 506(c): The Key Differences in Regulation D Private Placements
    Regulatory & Compliance

    Rule 506(b) vs. 506(c): The Key Differences in Regulation D Private Placements

    TL;DR: Rule 506(b) bars general solicitation but allows 35 non-accredited investors alongside unlimited accredited investors, using honor-system accreditation verification. Rule 506(c) permits general

    Jeff Barnes, MBA··7 min read
    The Three SEC Investor Tiers Explained: Accredited, Qualified Purchaser, and QIB
    Regulatory & Compliance

    The Three SEC Investor Tiers Explained: Accredited, Qualified Purchaser, and QIB

    TL;DR: The SEC classifies investors into three regulatory tiers. Accredited investors ($1M net worth or $200K income) access basic private placements and smaller hedge funds. Qualified purchasers ($5M

    Jeff Barnes, MBA··8 min read
    Regulation A+: The Mini-IPO Most Accredited Investors Overlook
    Regulatory & Compliance

    Regulation A+: The Mini-IPO Most Accredited Investors Overlook

    According to SEC data published in June 2025 , Reg A+ issuers have raised approximately $9.4 billion across 800-plus offerings since 2015 — but more than 50 percent of qualified issuers reported zero

    Jeff Barnes, MBA··6 min read
    GENIUS Act Stablecoin Rules Due in 35 Days: What Accredited Investors Must Know
    Crypto & Digital Assets

    GENIUS Act Stablecoin Rules Due in 35 Days: What Accredited Investors Must Know

    Six federal agencies are in the final 35-day sprint to publish GENIUS Act stablecoin rules by the July 18, 2026 statutory deadline — and per the Chapman and Cutler GENIUS Act rulemaking tracker , all

    Jeff Barnes, MBA··9 min read
    The SEC Petition to Raise Reg CF to $20M: What It Means for Angel Investors and Crowdfunding
    Regulatory & Compliance

    The SEC Petition to Raise Reg CF to $20M: What It Means for Angel Investors and Crowdfunding

    In January 2026, Sherwood Neiss, the co-author of the original JOBS Act Title III crowdfunding framework, filed a formal petition with the SEC asking the Commission to raise the Regulation...

    Jeff Barnes, MBA··6 min read
    Regulation Crowdfunding in 2026: What the $5M Cap Really Means for Retail Investors
    Regulatory & Compliance

    Regulation Crowdfunding in 2026: What the $5M Cap Really Means for Retail Investors

    TL;DR 60% of all attempted Reg CF offerings raised zero dollars in proceeds. Total confirmed proceeds from 2016–2024: ~$1.3 billion across 8,492 offerings. The $5M annual cap is binding for almost...

    Jeff Barnes, MBA··12 min read
    SEC Accredited Investor Definition: Who Qualifies, What Changed, and the Reform Debate
    Regulatory & Compliance

    SEC Accredited Investor Definition: Who Qualifies, What Changed, and the Reform Debate

    SEC Accredited Investor Definition: Who Qualifies, What Changed, and the Reform Debate TL;DR: The SEC set the $1 million net worth threshold for accredited investors in 1982. Adjusted for inflation...

    Jeff Barnes, MBA··10 min read