An Eligible Investor is sometimes characterized as an individual that, due to their wealth, may participate in certain investment opportunities that would otherwise not be available to the general public. Investments in securities can be risky, and thus, those with a higher level of wealth are considered more able to manage risky investments.
Typically, non-eligible investors can purchase up to $10,000 in securities under certain exemptions in the preceding 12 months. Eligible Investors can purchase up to $30,000 in securities under certain exemptions in the preceding 12 months. Eligible Investors who have received advice from a portfolio manager, investment dealer, or exempt market dealer can purchase up to $100,000 in securities certain exemptions in the preceding 12 months.
addy compiles with all national and provincial regulations and laws. Dealers on the platform distribute offerings under various exemptions, such as the Offering Memorandum or Crowdfunding exemption.
To qualify as an Eligible Investor, you must meet certain requirements which vary between the provinces. Details are available under the specific pages for each province.