Scalable and affordable accredited investor verifications under SEC 506c regulations since 2013. Offices in Miami & Los Angeles.
Miami, Fl
Joined November 2013
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HUGE News, we may finally be getting a substantive expansion of the US accredited investor definition. If you've been following me for any time now, you know I've been advocating for this for over a decade and it looks like we're getting more people included.
CPAs have been nominated but I am also going to suggest licensed attorneys in good standing should as well. I am also going to encourage them to codify the Latham minimum investment criteria of 200k minimum for individuals and $1M for entities in the rules, giving even more regulatory clarity to the issue. Stay tuned for InvestReady's comments on this that we will be sharing with the Commission and the Public at large. Thanks!
sec.gov/newsroom/press-relea…
Want to learn more about private markets? Check out our new InvestReady Learn site today too! learn.investready.com/
Yup
They don’t need your id; they need to have a way to verify who you are but that doesn’t necessarily mean they need your ID. Check out @accreditoken by @GetInvestReady. We use verifications you’ve already done to create a soulbound NFT to whitelist wallets. No more sharing your id with everyone just the minimum info you need to share.
InvestReady retweeted
They don’t need your id; they need to have a way to verify who you are but that doesn’t necessarily mean they need your ID. Check out @accreditoken by @GetInvestReady. We use verifications you’ve already done to create a soulbound NFT to whitelist wallets. No more sharing your id with everyone just the minimum info you need to share.
Ahem accreditoken.com
Rumor mill is right.
As of now now every tokenized-stock venue wants your ID. This is a data privacy problem and a composability issue.
That may be about to end.
Our sources are telling us that the plan is a zero-knowledge KYC passport verified at the issuer level, then reusable across every tokenized securities venue. Your wallet carries a stamp proving you're cleared, without exposing your name, jurisdiction or ID.
You can bridge, swap, and trade across all venues onchain without needing to KYC multiple times.
Would be huge.
Your accreditation letter has a shelf life.
Under 506(c), a third party's written confirmation counts if they took reasonable steps in the prior three months. A letter from January doesn't carry a June close.
That isn't a vendor upselling you. It's the rule.
Not legal advice.
The 506 step first-time issuers skip most: the bad-actor check.
Rule 506(d) can cost you the exemption if a covered person — officers, directors, 20%+ holders, promoters — has a disqualifying event. You must exercise reasonable care, and show you asked.
Not legal advice.
506(c) verification, four deemed-compliant routes. Which fits depends on your investor, not the rule.
4. Prior investors — narrow. The issuer's own pre-Sept-2013 506(b) purchasers who are still invested and certify. Rarely applies.
The list isn't exclusive. Other reasonable steps are allowed — but you lose the safe harbour and carry the judgment. Not legal advice. verifications.investready.co…
If your platform's identity layer is owned by a company that also distributes alts, your sponsors' investor data runs through a firm selling to those same investors.
Nobody has to act badly for that to be a structural problem.
InvestReady is independent. Since 2013.
No marketplace, no parent company distributing offerings, no transaction-based incentive in whether an investor invests: verifications.investready.co…
Asked for tax returns by a company you've never heard of, to invest in a deal you found online.
That's the rule working, not a red flag. If the offering was advertised, the issuer must verify you — using a third party is why they never see your documents.
Not legal advice.
Two weeks of EDGAR: 2,327 Form D filings, 141 of them new 506(c) offerings.
Everyone talks about general solicitation. It's a thin slice of actual filing traffic — and the whole verification industry sits on that slice.
Caveat: the denominator includes amendments.
11 of the 141 were non-US and dropped at sourcing, leaving 130 US issuers. Of those 130, 56 — about 43% — were pooled investment funds rather than operating companies.
What an investor actually sees, in order:
Register. Individual or entity. Then — before any documents — the option to have a broker-dealer, RIA, attorney or CPA confirm for you.
Only if you skip that do we ask for income or net-worth documents.
Least invasive route first.