ACA members meet the SEC definition as an accredited investor: "as defined under Rule 501 of the SEC regulations: "Any natural person whose individual net worth or joint net worth with that person's spouse at the time of his purchase exceeds $1,000,000 excluding the value of the primary residence"; OR "Any natural person who had an 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 the same income level in the current year;" |
