SIE Exam Practice Question 366
Question: 366
Henry and Jennifer, a married couple, have a net worth of $800,000, excluding home equity. Their income has been about $250,000 for several years. Are they eligible to participate in a private placement of securities as accredited investors?
Correct Answer: A
Explanation:
A - Under Regulation D, for a married couple to be accredited they must have a net worth, excluding home equity, of $1 million. The income test for married persons is a joint income of $300,000 in each of the two most recent years. This couple meets neither test.
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