For a Regulation D offering, following SEC Rule 506(c), all investors must be accredited. This generally means you have sufficient net worth or income to absorb potential losses to your investment.
Use our third-party verification letter
Instead of uploading personal documents, we recommend seeking one of these professionals to review your personal documents and complete this standard template letter:
- CPA
- Accountant
- Lawyer
- Investment Advisor
- Broker-Dealer
Accredited investor criteria for individual:
- Has a net worth higher than $1,000,000 either individually or with your spouse, not including your primary residence
- Has an annual income higher than $200,000 for individuals or $300,000 as joint income in the last 2 years and expect to earn more than that amount in this given year.
- Is an investment professional in good standing, who holds the general securities representative license (Series 7), the investment adviser representative license (Series 65), or the private securities offerings representative license (Series 82)
Accredited investor criteria for an entity:
- An entity owning investments in excess of $5 million
- An entity where all equity owners are accredited investors
- The following entities with assets in excess of $5 million:
- Trusts
- corporations
- partnerships
- LLCs
- 501(c)(3) organizations
- employee benefit plans
- “family office” and any “family client” of that office
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Investment advisers (SEC- or state-registered or exempt reporting advisers) and SEC-registered broker-dealers
- Financial entities, such as:
- a bank
- savings and loan association
- insurance company
- registered investment company
- business development company, or small business investment company, or rural business investment company
For more information on 506(c) offerings, see this education resource from the SEC.
For more information about accredited investor status, see this bulletin from the SEC.
For more information about accreditation documentation, see our article on what documents you can upload.