updated over 2 years ago
User needs to confirm Accredited Investor status to purchase security tokens.
To meet the criteria of a "Accredited Investor" an investor must:
- an investor must meet one of the following criteria:any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer or general partner of a general partner of that issuer;any natural person whose individual net worht, or joint net worth with that person's spouse, at the time of his purchase exceeds $1,000,000;any natural person who had individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching that same income level in the current year;any trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase of the securities is directed by a person who has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment;any organization that was not formed for the puspose of acquiring the securities being sold, with total assets in excess of $5,000,000; andany entity which all of the equity owners are Accredited Investors
Any documents showing that the User meets the requirements.