AICPA supports SEC plan to recognize CPAs as accredited investors

The AICPA recently voiced support for an SEC proposal that would allow CPAs, by virtue of their credential, to qualify as accredited investors.

“The accredited investor framework is intended to identify individuals who possess sufficient financial sophistication to evaluate investment opportunities and risks without the protections associated with registered offerings,” the AICPA’s comment letter said. “CPAs satisfy that condition.”

On Sept. 30, the SEC proposed providing individual investors new pathways to qualify as accredited investors, including by virtue of being a CPA or holding certain other credentials.

The SEC is also considering the development of an exam by FINRA for accredited investor qualification. Learn more.