Who can certify you as an accredited investor?

Who can certify you as an accredited investor?

SEC Amendments to the Accredited Investor Definition Individuals who have certain professional certifications, designations, or credentials. Individuals who are “knowledgeable employees” of a private fund. SEC- and state-registered investment advisers5

Does Equityzen check if you are accredited?

There is no process by which an individual “becomes” an accredited investor. No government agency checks an investor’s qualifications prior to a private placement transaction. Rather, it is the responsibility of the company offering private placements to determine if the investor is accredited.

Is a CPA an accredited investor?

Under the new rule, the SEC has determined that those with Series 7, 63, or 82 licenses qualify as accredited investors based on those licenses alone. Those with CFA and CFP designations have been considered as have licensed CPAs and attorneys.

How do you prove you are accredited?

To claim accredited investor status, you must meet at least one of the following requirements:

1. Have certain professional certifications or designations or other credentials.
2. Have a net worth exceeding $1 million individually or combined with a spouse or spousal equivalent (excluding value of primary residence)

Is EquityZen a legitimate company?

Yes, EquityZen is “legit” in the sense that it is a legitimate, regulated business and a legitimate alternative investment oppoortunity for accredited investors. EquityZen is among a growing crop of crowdfunding and online alternative investment platforms, most of which have launched in the wake of the 2012 JOBS Act.

Can a non accredited investor invest in a company?

While the company can receive investments from an unlimited number of accredited investors, according to Regulation D, it is limited to no more than 35 non-accredited investors providing funding. Due to Regulation D, more than 80 percent of non-accredited American investors are shut out from investment opportunities.

How much net worth do you need to be an accredited investor?

Generally, to qualify as an accredited investor under the net worth test, you must have a net worth that exceeds $1 million, either alone or with a spouse or spousal equivalent, at the time of the sale of the securities.

What makes a trust an Accredited Investment Company?

A trust also qualifies as an accredited investor if the trustee or co-trustee is a bank, insurance company, registered investment company, business development company or small business investment company. [16]

What makes you an accredited investor in FINRA?

Regarding that last bullet point, an investor holding FINRA’s Series 7, Series 65 or Series 82 designations qualifies as an accredited investor.