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Updated about 4 years ago,

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1,830
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Bill F.
  • Investor
  • Boston, MA
3,390
Votes |
1,830
Posts

Accredited Investors status and Series 7, 65, and 82 licenses

Bill F.
  • Investor
  • Boston, MA
Posted

A friend mentioned that earlier this year the SEC changed the way it defined who qualified for Accredited Investor status. Now if you hold a Series 7, 65, or 82 licenses and are in "good standing" that you meet the standards to be an accredited investor. 

The question I have for the knowledgeable  syndicators on BP is: what exactly does "good standing" mean and if you had an investor look to proof their status via one of these licenses, how would verify the "good standing"? 

If they send you a copy of their licenses would that be enough or would you have additional requirements. 

Thanks in advance.  

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