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What
is an Accredited Investor?
Accredited investors
within the meaning of Rule 501(a) promulgated under the U.S. Securities
Act of 1933, as amended.
An
accredited investor is one of the following:
• A natural person who (a) has a current net worth, individually
or jointly with one's spouse, in excess of $1,000,000 or (b) has
had an individual income in excess of $200,000 in each of the two
most recent years, or joint income with one's spouse in excess of
$300,000, and reasonably expects to earn the same level of income
in the current year.
• A bank as defined in Section 3(a)(2) of the US Securities
Act of 1933, as amended (the"Act").
• A savings and loan association or other institution as defined
in Section 3(a)(5)(A) of the Act.
• A broker or dealer registered pursuant to Section 15 of the
US Securities Act of 1934, as amended.
• An insurance company as defined in Section 2(13) of the Act.
• An investment company registered under the US Investment
Company Act of 1940, as amended (the "Investment Company Act").
• A business development company as defined in Section 2(a)(48)
of the Investment Company Act.
• A small business investment company licensed by the United
States Small Business Administration under Section 301(c) or (d)
of the Small Business Investment Act of 1958, as amended.
• A plan established and maintained by a state, it's political
subdivisions, or any agency or instrumentality of a state or it's
political subdivisions, for the benefit of it's employees which
plan has total assets in excess of $5,000,000.
• An employee benefit plan within the meaning of the US Employment
Retirement Income Security Act of 1974, as amended ("ERISA"),
if the investment decision is made by a plan fiduciary, as defined
in Section 3(21) of ERISA, which is either a bank, savings and loan
association, insurance company or registered investment adviser
or an employee benefit plan that has total assets in excess of $5,000,000
or, if the plan is self-directed, with investment decisions made
solely by persons who are accredited investors.
• A private business development company as defined in Section
202(a)(22) of the US Investment Advisers Act of 1940, as amended.
• An organization described in Section 501(c)(3) of the US
Internal Revenue Code of 1986, as amended, a corporation, a Massachusetts
or similar business trust or a partnership, not formed for the specific
purpose of acquiring the securities which may be offered through
managedinvestments.com, with total assets in excess of $5,000,000.
John Mauldin is the President of Millennium Wave Advisors, LLC (MWA) which is an investment advisory firm registered with multiple states. MWA is also a Commodity Pool Operator (CPO) and a Commodity Trading Advisor (CTA) registered with the CFTC, as well as an Introducing Broker (IB). John Mauldin is a registered representative of Millennium Wave Securities, LLC, (MWS) an NASD registered broker-dealer. Millennium Wave Investments is a dba of MWA LLC and MWS LLC. Funds recommended by Mauldin may pay a portion of their fees to Altegris Investments who will share 1/3 of those fees with MWS and thus to Mauldin. For more information please see "How does it work" within this website. This website and any views expressed herein are provided for information purposes only and should not be construed in any way as an offer, an endorsement or inducement to invest with any CTA, fund or program mentioned. Before seeking any advisor's services or making an investment in a fund, investors must read and examine thoroughly the respective disclosure document or offering memorandum. Please read the information under the tab "Hedge Funds: Risks" for further risks associated with hedge funds. |
