Jack Weinzierl and his sidekick, wife Stephanie Weinzierl, really did try hard to smooze Trey White. The idea of being a Venture Capitalist and working with accredited clients must have really turned those money grubbing religious scammers on. Of course, no accredited investor on the planet that has heard of Madoff, can do a Google search and that checks out potential business dealings beforehand would touch Weinzierl with a ten foot pole, so that silly talk ended almost before it began.
SEC says:
<H1>Accredited InvestorsSoapboxmom
Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:For more information about the SEC’s registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.
- a bank, insurance company, registered investment company, business development company, or small business investment company;
- an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
- a charitable organization, corporation, or partnership with assets exceeding $5 million;
- a director, executive officer, or general partner of the company selling the securities;
- a business in which all the equity owners are accredited investors;
- a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
- a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
- a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
Accredited Investors
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