On January 25th, the SEC published for public comment proposed amendments to its rules to conform the definition of "accredited investor" to the requirements of the Dodd-Frank Act. The proposed amendments would exclude the value of an individual's primary residence in calculating net worth when determining accredited investor status. The amendments also would clarify the treatment of any indebtedness secured by the residence in the net worth calculation. Comments should be submitted on or before March 11, 2011. SEC Release No. 33-9177; SEC Press Release. See also Casey Remarks; Paredes Remarks;