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An accredited investor is defined by the Securities and Exchange Commission (SEC) under Rule 501 of Regulation D. An individual is considered an accredited investor if they have:
Income: An annual income exceeding $200,000 (or $300,000 together with a spouse) for the last two years, with the expectation of earning the same or higher income in the current year.
Net Worth: A net worth over $1 million, either alone or together with a spouse, excluding the value of their primary residence.