To become an accredited investor the (SEC) requires certain wealth, income or knowledge requirements. The investor must fall into one of three categories. Firms selling unregistered securities must put investors through their own screening process to determine if investors can be considered an accredited investor.
The Verifying Individual or Entity should take reasonable steps to verify and determined that an Investor is an "accredited investor" as such term is defined in Rule 501 of the Securities Act, and hereby provides written confirmation. This letter serves to help the Entity determine status.
The Oregon Accredited Investor Status Certificate is a document that certifies an individual's eligibility to invest in certain private securities offerings in the state of Oregon. This certificate is issued to individuals who meet specific criteria outlined in the Oregon Securities Law and regulations. To obtain the Oregon Accredited Investor Status Certificate, individuals must meet one or more of the following requirements: 1. Income-based criteria: They must have an annual income exceeding $200,000 (or $300,000 for joint income with a spouse) in each of the past two years and have a reasonable expectation of reaching the same income level in the current year. 2. Net worth-based criteria: They must have a net worth (excluding the value of their primary residence) that exceeds $1 million, either individually or jointly with a spouse. 3. Entity-based criteria: They must be an executive officer, director, or general partner of the issuer of the securities being offered, or they must meet other requirements specified by the Oregon Securities Law. The Oregon Accredited Investor Status Certificate serves as proof of an individual's accredited investor status, allowing them to participate in private securities offerings that may not be available to non-accredited investors. This certificate is typically obtained by completing an application provided by the Oregon Division of Financial Regulation (DR) and paying the required fees. It is important to note that the Oregon Accredited Investor Status Certificate only applies to investments within the state of Oregon and does not confer accredited investor status at the federal level. Accredited investor status at the federal level is determined by the Securities and Exchange Commission (SEC) and has its own set of criteria. While there may not be different types of the Oregon Accredited Investor Status Certificate, individuals may need to renew their certificate periodically to ensure it remains valid. The validity period and renewal requirements may vary, so it is essential to consult the Oregon DR or relevant legal advisors to stay updated on the specific requirements. In summary, the Oregon Accredited Investor Status Certificate is a document that certifies an individual's eligibility to invest in certain private securities offerings within the state of Oregon. By meeting specific income, net worth, or entity-based criteria, individuals can obtain this certificate and gain access to exclusive investment opportunities.
