PLDO Law Blog

business law

SEC Adopts a New Definition of “Accredited Investor”

SEC Adopts a New Definition of “Accredited Investor”

On August 26, 2020, the Securities and Exchange Commission (the “SEC”) adopted amendments to the definition of “accredited investor.” The amendments permit investors to qualify as accredited investors based upon additional criteria focused on financial sophistication,...

Cautionary Insight Regarding Bonuses and The Wage Act

Cautionary Insight Regarding Bonuses and The Wage Act

Massachusetts and Rhode Island are among those states that have enacted a Wage Act, under which employees who receive less than their full compensation due can sue for treble damages. In fact, in Massachusetts, a Wage Act violation leads to mandatory treble damages....