Re:Attorney General orders unregistered crypto lending platf...
by dragonwriter on Monday October 18, 2021 @10:39PM
(#28914289)
> means you are not accredited until you have due diligence done on you.
Incorrect.
You are accredited if you meet the income, asset, or professional certification tests.
People selling you certain securities are required to make a good faith effort to confirm thar you are accredited before selling to you, but (whether or not another firm has done so), but this has no bearing on whether you are accredited, in the same way that whether you are a citizen, lawful permanent resident, or work-authorized alien doesn't depend on whether or not an employer of yours has done their duty in regard to I-9 employment eligibility verification.
Incorrect.
You are accredited if you meet the income, asset, or professional certification tests.
People selling you certain securities are required to make a good faith effort to confirm thar you are accredited before selling to you, but (whether or not another firm has done so), but this has no bearing on whether you are accredited, in the same way that whether you are a citizen, lawful permanent resident, or work-authorized alien doesn't depend on whether or not an employer of yours has done their duty in regard to I-9 employment eligibility verification.