Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

SEC Adopts Dodd-Frank Rules on Accredited Investors, Mine Safety

Dec. 21 (Bloomberg) -- The U.S. Securities and Exchange Commission adopted a pair of final Dodd-Frank Act rules that set asset requirements for “accredited investors” and require mining companies to disclose safety information, according to statements released today by the agency.

The new standard for accredited investors, who are allowed to make higher-risk investments not available to the general public, requires individuals to have at least $1 million in net worth, not including their primary residence. The agency must review the standard regularly to decide whether it needs further adjustments.

The second rule calls for mining companies to include “mine-by-mine” safety and health information in routine public disclosures.

Dodd-Frank directed the SEC to write about a hundred rules in an effort to overhaul the U.S. financial system in the wake of the 2008 credit crisis.

The mine safety regulation is one of three Dodd-Frank disclosure rules -- along with one on companies’ use of so-called conflict minerals from Central Africa and another on reporting payments from oil and gas companies to foreign governments -- that fell outside of the agency’s usual financial-system expertise.

To contact the reporter on this story: Jesse Hamilton in Washington at

To contact the editor responsible for this story: Lawrence Roberts at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.