Accredited investors

[Scorpion Man]

[ QUOTE ]
[ 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.)