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BrianAdministratorOctober 28, 2020 at 2:55 pm
In terms of your questions “What happens if I invest more than allowed as a non-accredited investor?“
I can’t imagine any negative consequences for this accidental mistake. First, someone would have to verify that you had somehow exceeded your limit, which would be nearly impossible to go back 5 years and do (especially for hundreds or thousands of investors). Second, as previously mentioned, it’s really intended to protect the investors, so I’m struggling to think of a situation where there would be any bad outcome for you (other than the additional risk you are taking).
That being said, this is not suggesting that it’s OK; all investors should follow the current regulations and only invest up to their Reg CF limit.
- This reply was modified 2 years, 7 months ago by Brian.