Accredited Verification

In compliance with SEC regulations, CaliberX diligently confirms the accredited investor status of your clients. Leveraging seamless integration with pertinent databases, our platform conducts comprehensive background checks to ensure your clients fulfill the necessary income or net worth criteria.

Take, for example, Rule 506(C), which permits general solicitation. This regulation mandates us to validate the accredited investor status of your clients. In response to this, we have developed robust APIs akin to those used in Identity Verification. These tools streamline the process of confirming accredited investor status, providing a seamless, efficient service via our advanced APIs.

	Individual Accredited Investor	Entity Accredited Investor	Qualified Purchaser
Payroll Documents	May be required to show paystubs or other proof of income	Not typically required	Not typically required
Tax Returns	May be required to show tax returns indicating income above the accredited investor threshold	May be required to show tax returns or other financial statements indicating assets of the entity meet or exceed the accredited investor threshold	May be required to show tax returns or other financial statements indicating assets of the individual or entity meet or exceed the qualified purchaser threshold
Asset Documentation	May be required to show documentation of assets, excluding primary residence, that meet or exceed the accredited investor threshold	May be required to show documentation of assets that meet or exceed the accredited investor threshold	May be required to show documentation of investments that meet or exceed the qualified purchaser threshold
SEC License	Not typically required	Not typically required	Not typically required
Certification Letter	May be required, typically a letter from a lawyer, CPA, or investment advisor attesting to the individual's accredited investor status	May be required, typically a letter from a lawyer, CPA, or investment advisor attesting to the entity's accredited investor status	May be required, typically a letter from a lawyer, CPA, or investment advisor attesting to the individual's or entity's qualified purchaser status

Launching Accredited Verification

Our APIs allow you to commence the accredited verification process at the level of the investment accounts. After inputting the requisite details for the investment account owner(s), the verification process is set in motion.

Verification Sessions and Results

Should an identity verification fail, our system offers the flexibility to revise the necessary data and supplement it with additional documents, as detailed in the table above. The most recent session outcomes are conveniently available on the Party, as depicted in the investment accounts section. Additionally, we grant access to all verified and failed sessions, providing a thorough audit trail for your convenience.

Nullification of Verification

Be advised that any modifications to the investment account or changes in the accredited status of its owner(s) will lead to the nullification of previous verification results. In such instances, it will be necessary to re-initiate the verification process.

References

SEC.gov | Accredited Investor

Proposed Rule: Defining the Term "Qualified Purchaser" under the Securities Act of 1933; Release No. 33-8041; File No. S7-23-01