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Giving Tuesday 2024
This Giving Tuesday, you can help us tear down one of the most significant barriers to economic mobility in America: the Accredited Investor Rule.
Despite no evidence that wealth equals financial sophistication, the SEC's outdated "accredited investor" definition effectively prevents those earning less than $200,000 a year (or with a net worth of less than $1 million) from making private market investments.
In a misguided attempt at “protecting” investors, the arbitrary regulation sharply restricts the ability of nearly 90% of Americans to put their money to work, limiting their opportunities to improve their financial circumstances and, by extension, that of their families and communities.
Investor Choice Advocates Network (ICAN) is a nonprofit public interest litigation organization dedicated to breaking down barriers to entry to capital markets and pushing back against overreach by the Securities and Exchange Commission (SEC), serving as a legal advocate and voice for small investors and entrepreneurs whose efforts help fuel vibrant local and national economies driven by innovation and entrepreneurship.
ICAN Testifies Before the U.S. House Committee on Financial Services
May 7th, 2024
ICAN's Founder and President Nick Morgan testified before the U.S. House Committee on Financial Services, Subcommittee on Capital Markets, this week at the hearing, "SEC Enforcement: Balancing Deterrence with Due Process."
From the perspective of Investor Choice Advocates Network, more Due Process doesn't have to translate into less deterrence, but less Due Process surely deters small investors and entrepreneurs from accessing the capital markets.
Click below to watch the full hearing.
Our Clients
Through its direct litigation efforts, ICAN defends small investors and entrepreneurs whose efforts have been stymied by the overreach of the SEC and by their own limited ability to effectively challenge the actions of the behemoth government agency.
In the process, ICAN is building a precedent-based legal bulwark against SEC efforts to further restrict capital markets access.
Capital Ideas: Spotlight on Innovators Overcoming Regulatory Barriers
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Latest SEC Roundup
ICAN's twice-monthly vlog series features interviews with subject matter experts discussing pressing examples of SEC overreach.
Please contact ICAN with suggestions for future SEC Roundup topics.