Series 6 - Investment Company And Variable Contracts Products Representative Exam

Preview Mode

An accredited investor is one who:

Has a FICO credit score of 700 or higher.
A
Is an employee of the issuer.
B
Has a net worth of $1 million or more, excluding net equity in a principal residence.
C
Has had an annual income of $500,000 or more in the most recent two years.
D

Explanations

Credit score has no bearing on the status of an accredited investor. Only officers and directors of the issuer are accredited. An accredited investor's annual income must be $200,000 or more in the most recent two years.

Pricing