It is a cruel twist of fate that during the first hiatus week in Law Decoded’s existence, the SEC put out long-awaited updates to accredited investor qualifications. Upon reading the news, your faithful and ever-vigilant policy editor put down his phone, cast a wistful eye upon the sun’s reflection dancing in the midground of the Atlantic Ocean. Bracing himself with a deep quaff of Corona, he thought ‘Not today.’ Before the sorrow of not being the one to bring the news to you could overwhelm him, he grabbed a battered borrowed surfboard and made for the waves.
Never one to dwell on the past, I will keep most of this week’s newsletter focused on more recent events. In our continuing mission to boldly present you with only the freshest of takes etc. Last week’s accredited investor shift is too fascinating to pass up, but it ties in with some broader trends about the barrier between public and private markets.
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