kaal:claim:2337268-029

The Dodd-Frank Act added an inflation adjustment to the qualified client standard, requiring the SEC to adjust any dollar amount test within one year of enactment and every five years thereafter.

If the SEC uses a net asset threshold or any other dollar-amount test to determine the qualified client standard for exemption under the IAA, the SEC is required to adjust the dollar-amount test for the effects of inflation within one year after enactment and every five years thereafter.91

Wulf A. Kaal, Investment Adviser Regulation (2013), 6. Qualified Clients, p. 18
https://ssrn.com/abstract=2337268 · source PDF

Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

• SEC use of a net asset or dollar amount test for qualified client status

conditionsupport: assertedtokenomics

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