SUITABILITY STANDARDS THAT HAVE TO BE MET (FALLS UNDER ONE OF TWO CATEGORIES)
1. A net worth of at least $250,000*; or gross annual income of at least $70,000, and a net worth of at least $70,000.
2. A net worth of at least $1,000,000*; or gross annual income of $200,000 (or $300,000 jointly with his or her spouse) in the two tax years immediately preceding the proposed investments and the expectation of the same level of income in the year of the investment.
*The equity in your personal residence cannot be included in the net worth calculation.