Accredited investor.
Under U.S. federal securities laws, many private offerings may be sold only to accredited investors. The term is defined in Rule 501 of Regulation D. Interests in Five Stones Trading LP are offered privately to accredited investors.
This page is a plain-language summary for orientation. It is not legal advice. Whether you qualify depends on your circumstances and the official definition in effect at the time of any investment.
Individuals
A natural person may qualify as an accredited investor if they meet any one of several tests, including (among others):
- Income. Individual income over $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years, with a reasonable expectation of the same for the current year.
- Net worth. Individual or joint net worth with a spouse or spousal equivalent over $1 million, excluding the value of the primary residence.
- Professional credentials. Holding in good standing certain FINRA licenses (Series 7, Series 65, or Series 82).
Entities
Certain trusts, corporations, partnerships, LLCs, and other entities may also qualify, for example based on asset or investment thresholds, or when all equity owners are accredited investors. The full list of categories is in Rule 501(a).
Authoritative sources
For the current definition and investor education materials, see the SEC's Investor.gov pages:
Next step
If you would like to begin a conversation with the principals, request an introduction. Qualified inquiries receive a response within two business days.