The federal securities laws define the term accredited investor in
Rule 501 of Regulation D
under the Securities Act of 1933 as:
- a natural person who has individual net worth, or joint net worth with
the person’s spouse, that exceeds $1 million at the time of the purchase;
- a natural person with income exceeding $200,000 in each of the two most
recent years or joint income with a spouse exceeding $300,000 for those years
and a reasonable expectation of the same income level in the current year; or
- a bank, insurance company, registered investment company, business
development company, or small business investment company;
- an employee benefit plan, within the meaning of the Employee Retirement
Income Security Act, if a bank, insurance company, or registered investment
adviser makes the investment decisions, or if the plan has total assets in
excess of $5 million;
- a charitable organization, corporation, or partnership with assets exceeding
$5 million;
- a director, executive officer, or general partner of the company selling
the securities;
- a business in which all the equity owners are accredited investors;
- a trust with assets in excess of $5 million, not formed to acquire the
securities offered, whose purchases a sophisticated person makes.
For more information, read
http://www.sec.gov/answers/accred.htm.
Please confirm that you are an accredited investor: |
