[Series 65] 39, Accredited Investors and Qualified Purchasers

[Series 65] 39, Accredited Investors and Qualified Purchasers

From Open Exam Prep by Ran Chen, EA, CFP®

May 2, 2026 · 4 min

About this episode

This episode discusses the definitions and thresholds for Accredited Investors and Qualified Purchasers, along with their implications for accessing private investments.

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The specific income ($200k/$300k) and net worth ($1M) thresholds for an Accredited Investor. - Why the value of a primary residence is a common exam trap in the net worth calculation. - The definition of a Qualified Purchaser, focusing on the $5 million in investments requirement. - How these definitions allow access to private placements and hedge funds under Regulation D and the Investment Company Act of 1940. - The key hierarchy: all Qualified Purchasers are Accredited Investors, but not all Accredited Investors are Qualified Purchasers. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

People in this episode

Host: Ran Chen

Topics covered

  • Accredited Investors
  • Qualified Purchasers
  • Investment thresholds
  • Private placements
  • Hedge funds
  • Exam preparation

Keywords

  • Accredited Investor
  • Qualified Purchaser
  • net worth calculation
  • private placements
  • hedge funds
  • exam preparation
  • investment thresholds

Mentioned in this episode

Organizations: Open Exam Prep, Regulation D, Investment Company Act of 1940

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