Boles, "A type of investor who is deemed to have sufficient...

Boles,

"A type of investor who is deemed to have sufficient investing experience and knowledge to weigh the risks and merits of an investment opportunity. For certain purposes, net worth and income restrictions must be met before a person can be classified a sophisticated investor."

"The most common method of satisfying the sophisticated investor rule is to provide an accountant's certificate verifying that either: You have net assets of at least $2.5 million; or. You have a gross income for each of the last two financial years of at least $250,000."

DYOR My thoughts and ramblings only