*An “accredited investor” is defined by the US Securities and Exchange Commission under the Securities Act of 1933 in Rule 501 Regulation D.
In general a person must be:
- 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.
Please see the following website for full a review of qualifications:
http://www.sec.gov/answers/accred.htm
