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Re: Accredited investors
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[ QUOTE ] [ QUOTE ] http://en.wikipedia.org/wiki/Accredited_investor Some links and stuff there. I'm also very interested in how you go about proving this to the SEC, is there an application or something? (eastbay, maybe email a hedge fund and say you want in, i'm sure they'll tell you how its done...) [/ QUOTE ] there is no application. its a "representation" - you are just averring that it is so. [/ QUOTE ] [ QUOTE ] aver verb averred, averring 1. To state firmly and positively. Thesaurus: assert, affirm, attest, allege, profess, declare, insist, protest, avouch, state, swear, testify; Antonym: deny. [/ QUOTE ] Cool. So I tell a hedge fund that my net worth is over $1,000,000, and state it with confidence...and I can invest? And they are removed from all liability if it turns out my actual net worth is below $1m? Ship it. [/ QUOTE ] Yup (I mean, technically, you could take them to court later and say they should have known you didn't have the money or something...but in practice it's really this easy.) |
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