When and why do I need to re-verify my accreditation status?

The 2012 JOBS act instituted some revised rules that require certain issuers (e.g.- Wunder Capital) to take "reasonable steps" to verify that investors are accredited. The information that Wunder requests for the purposes of accreditation verification is informed by the guidelines set forth by the SEC regarding what constitutes "reasonable steps".

If you are accredited based on Income

In order to be deemed an accredited investor on the basis of income, an individual must have an income of at least $200,000 for the two most recent calendar years, and an expectation of the same income level for the current year. This threshold is increased to $300,000 for married individuals who file taxes jointly with their spouse.

Once your status as an accredited investor has been verified on the basis of your income, your status will remain valid through the end of the calendar year in which the verification took place. If you would like to make subsequent investments within that same calendar year, you're welcome to do so and you will not need to provide any additional accreditation evidence. If you wish to place a new investment after your accreditation has expired, you will need to provide new evidence so that we can re-verify your status.

If you are accredited based on Assets

In order to be deemed an accredited investor on the basis of assets, an individual must have a net worth of at least $1M, excluding their primary residence. Evidence supporting your status as accredited on the basis of assets may include any statement of account from a regulated financial institution, or any other documentation of assets including their value in U.S. dollars. Valid evidence must state the investor’s legal name, and must be dated within the past three months.

Once your status as an accredited investor has been verified on the basis of assets, your status will remain valid until three months from the date on the oldest piece of evidence used to establish your status as accredited. If you would like to make subsequent investments before your accreditation expires, you're welcome to do so and you will not need to provide any additional evidence. If you wish to place a new investment after your accreditation has expired, you will need to provide new evidence of so that we can re-verify your status.

We recognize that this is a complex topic and we acknowledge that re-verifying your accreditation status can be a hassle (it is costly for us as well), but obviously we take compliance with federal regulation very seriously. You can learn more about this topic from the SEC here: https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-accredited-investors

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