December 19, 2019
I support the expanded definition of accredited investor to include individuals with "Professional Certifications and Designations and Other Credentials". However, I believe the initial list of certifications or designations should absolutely include Certified Public Accountants (CPAs).
The financial information that accredited investors rely upon to make their financial decisions are governed by generally accepted accounting principals (GAAP). CPAs are the sole designated professional in our society for providing assurance that those financial statements are correct and accurate in all material respects. By definition, CPAs prepare and audit the financial information in private offerings and no other profession is more knowledgeable in understanding that information.
I request that the CPA professional certification is included in the list of professional certifications allowing an individual to meet the definition of accredited investor.