1. What is an "accredited investor"?

2. You ask, what is an accredited investor?

3. Here's how you become an accredited investor: you have $1 million dollars in investable -that's not including your house, it's in investable assets.

4. For many years now, to qualify as an accredited investor, you have to have one million dollars in wealth or income in excess of $200,000 or, if you're married, $300,000 for the couple.

5. We defined an accredited investor as someone who can participate in a DPP or other sophisticated programs.

6. Last year, the SEC put out a proposal that -it's getting too easy to be an accredited investor -so they put out a proposal that we raise the wealth level to $2.5 million.