Accredited Investor
Defined by the SEC under Rule 501 of Regulation D. An investor qualifies if they meet one or more of the following:
- Income Test: Earned income exceeding $200,000 (or $300,000 with spouse) in each of the past two years, with the expectation of earning the same or more in the current year
- Net Worth Test: Net worth (individually or jointly with spouse) exceeds $1 million, excluding the primary residence
- Professional Criteria: Holds certain professional certifications (e.g., Series , 65, or 82), or is a director, executive officer, or general partner of the issuer
Non-Accredited Investor
An investor who does not meet the above criteria. While they may still participate in certain offerings, their access is more restricted under SEC rules.
