Which TWO of the following statements are true of a sophisticated investor, according to the specifications of Rule 506 of Regulation D? I. The investor must be accredited II. The investor can be accredited or non-accredited III. The investor must be credentialed as a professional in the financial or legal industry IV. The investor must be capable of evaluating the merits and risks of the prospective investment

Which TWO of the following statements are true of a sophisticated investor, according to the specifications of Rule 506 of Regulation D? I. The investor must be accredited II. The investor can be accredited or non-accredited III. The investor must be credentialed as a professional in the financial or legal industry IV. The investor must be capable of evaluating the merits and risks of the prospective investment

Which TWO of the following statements are true of a sophisticated investor, according to the specifications of Rule 506 of Regulation D?
I. The investor must be accredited
II. The investor can be accredited or non-accredited
III. The investor must be credentialed as a professional in the financial or legal industry
IV. The investor must be capable of evaluating the merits and risks of the prospective investment




A) I & III
B) I & IV
C) II & III
D) II & IV








Answer: D