Subject: Amending the “Accredited Investor” Definition
From: Corey Wangler
Affiliation: Principal, Sunpointe Investments

February 26, 2020

100% support the amendment to allow professional knowledge and experience to qualify one as an accredited investor. If the intent is for the rule to protect investors from investing in sophisticated investments in which they don’t understand, professional licensing is more indicative of investment knowledge than how much money one has. For example, I can perform the due diligence on a manager to recommend it to one of my clients, but I myself couldn’t invest alongside the client early in my career when I didn’t meet the income/net worth thresholds.

Corey Wangler | Principal
Sunpointe Investments | Ann Arbor, MI