2 ms·
If the pool is formed for the purpose of making the investment, it does not help. The law in that case requires that each individual within the pool be evaluate
by grellas 17y ago
If the pool is formed for the purpose of making the investment, it does not help. The law in that case requires that each individual within the pool be evaluated to determine his or her investment status.
In other words, forming a pool does not allow otherwise non-accredited investors to get around the accreditation requirements. It does not take them "over the line," to use your phrase.
- messel 17y agoAppreciate the legal explanation grellas.