With regard to crowd funding, all of the following accurately describe "qualified investors" EXCEPT:
A)they must have incomes of at least $200,000 per year
B)there are no longer any distinctions between investors following the passage of the JOBS act
C)they must have assets of at least $1 million not including the value of their house
D)they must make up a majority of investors in each start up

Question

Quizplus · Accepted Answer

The statement "there are no longer any distinctions between investors following the passage of the JOBS act" is not true. The JOBS act expanded the definition of "accredited investor" to include individuals who do not meet the income and asset requirements but have certain professional certifications, designations or credentials, or other criteria as determined by the SEC. Qualified investors are still subject to certain requirements and limitations in their investments in crowdfunding campaigns.

With Regard to Crowd Funding, All of the Following Accurately