SIE Exam Question 624: Answer and Explanation

Question: 624

Which of the following are among the criteria to be an "accredited investor"?

• A. Net worth exceeding $500,000, either alone or together with a spouse, excluding the value of the person's primary residence.
• B. Net worth exceeding $500,000, either alone or together with a spouse, including the value of the person's primary residence.
• C. Net worth exceeding $1,000,000, either alone or together with a spouse, excluding the value of the person's primary residence.
• D. Net worth exceeding $1,000,000, either alone or together with a spouse, including the value of the person's primary residence.

Correct Answer: C

Explanation:

To be considered an accredited investor, net worth must exceed $1,000,000, either alone or together with a spouse, excluding the value of the person's primary residence.