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Podcast: Syndication Law & The Private Placement Memorandum Attorney
Episode: What qualifies someone as an 'Accredited Investor' for a Regulation D Rule 506 syndication?
Description: Tilden Moschetti, a syndication attorney and the founder of Moschetti Law Group, discusses the qualifications for an individual to be an Accredited Investor. For individuals, one way is to hold a specific securities license registered through FINRA and recognized by the SEC. However, Moschetti emphasizes that real estate brokers, CPAs, and lawyers are not automatically accredited. The main tests to determine an Accredited Investor are the income test and the net wealth test. For the income test, the individual's taxable income should be greater than $200,000 for the past two years, and it's expected to continue in the present year...