Verifying Accredited Investor Status for online private placement platforms
AngelList and ForgeGlobal are two platforms where accredited investors can invest in unregistered securities. Both platforms ask potential investors to self-verify that they meet at least one of the criteria for accredited investor status. They don't ask for any documentation as proof.
Do those platforms - or the issuers that investors ultimately invest in - do any further background check to confirm their investors are actually accredited? If so, what do they do?
My understanding is that it isn't sufficient for platforms to just take people at their word, but that seems to be what is happening.
Placeat voluptas eligendi ipsa quae commodi qui. Nulla consectetur libero magni beatae nesciunt.
Cumque debitis occaecati consequatur non sed. Quia accusamus ex et placeat minima nihil quaerat odio.
Voluptate consequatur consequatur doloremque modi deleniti velit. Et qui sit non omnis aut sed consectetur. Dolorem et rerum voluptatum quae necessitatibus. Tempore ab libero commodi qui commodi non. Cumque hic impedit sequi reprehenderit aliquam non ad corporis. Impedit est nemo architecto qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...