This bill makes it easier for more people to invest in private securities by allowing them to qualify through a knowledge test. It helps open up investment opportunities to those who may not meet traditional financial criteria.
Equal Opportunity for All Investors Act of 2025This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. (Certain unregistered securities may only be offered to accredited investors.) Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission. The examination mustbe designed with an appropriate difficulty level such that an individual with financial sophistication or training would be unlikely to fail, include methods to determine competency and knowledge in certain areas such as the disclosure requirements of different securities, andbe administered by a registered national securities association and offered free of charge to the public. Currently, accredited investors must satisfy certain requirements indicating their reduced exposure to financial risk, including those related to income, net worth, or knowledge and experience.