Perhaps not a creature was stirring in your house just before Christmas last week, but the Securities and Exchange Commission adopted several more rules relevant to the Dodd-Frank Act on mine safety disclosure and how to define accredited investors.
Adopted on Dec. 21 without any formal meeting of SEC commissioners, the rules implement Section 1503 of Dodd-Frank (mine safety disclosure) and Section 413(a) of Dodd-Frank (the net worth of accredited investors). Both rules were originally proposed in January 2011 and have been lingering quietly on the SEC’s rule-making schedule since then. The mine-safety rules will go into effect 30 days after publication in the Federal Register, the accredited investor rules 60 days after publication.
