compliance accreditationrule501a
Short compliance guidance (PDF) summarizing SEC Rule 501(a) accredited investor eligibility for Regulation D 506(c) offerings. It lists three alternative tests to qualify: (1) Net-Worth Test (≥ $1,000,000 excluding primary residence), (2) Income Test ($200,000 individual or $300,000 joint for each of the last two years with reasonable expectation for current year), and (3) Professional Credentials (active Series 7, 65, or 82 license; or status as a knowledgeable employee, qualified purchaser, or family office per Rule 501(a)). Creator metadata: Pete Schnepp; created June 9, 2025.
Questions this document answers
Net worth ≥ $1,000,000, excluding your primary residence (individually or jointly with a spouse/partner).
$200,000 annual earned income (individual) for each of the last two years, with a reasonable expectation of the same this year.
$300,000 annual earned income (joint) for each of the last two years, with a reasonable expectation of the same this year.
Active Series 7, Series 65, or Series 82 license; or status as a knowledgeable employee, qualified purchaser (QP), or family office per Rule 501(a).