Accredited Investor
An investor satisfying the definition promulgated by the SEC in Rule 501 of Regulation D under the 1933 Act.
Banks, insurance companies, pension funds and other institutions meeting SEC requirements who buy Bonds.
Learn more about the various aspects of state laws and how they intersect with municipal securities.
An investor satisfying the definition promulgated by the SEC in Rule 501 of Regulation D under the 1933 Act.
An investor satisfying the definition promulgated by the SEC in Rule 144A under the 1933 Act.
Any use of Bond proceeds in a trade or business carried on by a person other than a governmental unit. The private business tests are used in part to establish whether a bond is a private activity bond (PAB).