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**Accredited investors are typically defined as having a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last two years; or have an active Series 7, Series 82, or Series 65. Individuals holding a Series 66 do not fall under this definition.
***An accredited entity is typically a private business development company or an organization with assets exceeding $5 million; or in certain situations if an entity consists of equity owners who are accredited investors, the entity itself is an accredited investor provided the organization was not formed with a sole purpose of purchasing specific securities.
If you are unsure if you are an accredited investor and/or an accredited entity, please verify with your CPA and Attorney. Please note, further verification may be needed depending upon the investment purchased.
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