Crowd Funding Investor Accredaition

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I have a friend who invested in a crowdfunding deal and they gave an extension of six months to the developer. This is he interesting part the company that he deals with makes you re-certify you accredited status every 3 months ,if you don't they say they have to refund your investment. My friends question is why re-certify  the principal is late and he does not feel like waiting Is this the way it really works ?