# kaal:claim:2811729-021

**Claim.** Among the factors driving unconstrained mutual fund growth, the Dodd-Frank Act decreased the number of eligible private fund investors by raising the minimum net worth requirement for individuals to qualify as accredited investors.

**Type.** mechanism  **Support.** argued

**Holds when.**

- individuals near the accredited investor net worth threshold after Dodd-Frank

**Source quote.**

> Second, the Dodd-Frank Act decreased the number of eligible private fund investors by raising the minimum net-worth requirement for individuals to qualify as "accredited investors,"

**From.** Wulf A. Kaal, *Unconstrained Mutual Funds and Retail Investor Protection* (2016), IV. Data, page 35

**Cite as.** Wulf A. Kaal, Unconstrained Mutual Funds and Retail Investor Protection (2016). SSRN: https://ssrn.com/abstract=2811729

**Verify.** sha256 of source PDF `0877b0a076f2614559cb0b1a736f73401cecbee7cfe014da6e36709208e92a74` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Anderson%20-%202016%20-%20Unconstrained%20Mutual%20Funds%20and%20Retail%20Investor%20Protection.pdf

**Topics.** institutional-design

**Keywords.** dodd-frank-act, accredited-investor, investor-eligibility, unintended-consequences

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2715083-031

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