Accredited investor

As defined in Rule 502 of Regulation D, any institution or individual meeting minimum net worth requirements for the purchase of securities qualify ing under the Re- D registration exemption. An accredited investor is generally accepted to be one who has:a net worth of $1 million or more; had an annual income of $200,000 or more in each of the two most recent years (or $300,000 jointly with a spouse) and a reasonable expectation of reaching the same income level in the current year; or any officer or director of the issuer.