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How do you become an accredited investor?
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To become an accredited investor, you must meet certain criteria established by the Securities and Exchange Commission (SEC). These criteria include earning an annual income of at least $200,000 (or $300,000 joint income) or having a net worth of more than $1 million (not including primary residence). After meeting these criteria, you must then become certified by the SEC. Certification requires filling out an application and providing financial and background information. Upon verifying your qualifications, the SEC will grant you accredited investor status.