Changes

Companies who wish to sell their shares, but not register with the Securities and Exchange Commission (SEC) can do so by selling on to Accredited Investors.

Companies who wish to sell their [[share]]s, but not register with the [[Securities and Exchange Commission]] (SEC) can do so by selling on to '''Accredited Investors'''.

Such investors are defined by Rule 501 of Regulation D to include institutional investors, such as pension funds and corporations.  For an individual person to be considered as such, they must:

Such investors are defined by Rule 501 of Regulation D to include institutional investors, such as pension funds and [[corporation[[s.  For an individual person to be considered as such, they must:

1. Have a net worth (together with their spouse, if applicable) of $1 million.

1. Have a net worth (together with their spouse, if applicable) of $1 million.