kaal:claim:2337268-031

Excluding the primary residence from the net-worth test removed a large population from qualified client status: SEC estimates suggest roughly 1.3 million households no longer qualify under the revised test.

Source quote, verbatim

SEC estimates suggest that with the exclusion of the primary residence from the net-worth test, roughly 1.3 million households were excluded from qualifying under the revised net-worth test.93

From

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

Cite as

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

Holds when

households assessed under the revised net-worth test

Classification

empiricalsupport: evidencedsecurities-law

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