# [Series 65] 39, Accredited Investors and Qualified Purchasers

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-39-accredited-investors-and-qualified-purchasers
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-39-accredited-investors-and-qualified-purchasers.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-05-02T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-39-accredited-investors-and-qualified-purchasers
Audio file: https://episodes.captivate.fm/episode/15e9b5b4-7176-44cb-920a-87790e4edd4b.mp3
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Duration seconds: 233

## Resource

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

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## Transcript

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