Qualified Clients and Accredited Investors are the two different investor types served by the Investor Verification API. Qualified Clients are defined by the Securities and Exchange Commission (SEC) under the advisors Act and are subject to certain requirements regarding their net worth, responsibilities within investment structures, and assets managed by advisors.
In order to verify compliance with regulatory requirements, qualifying clients are usually verified by a thorough review of financial records, including bank statements, W-2 forms, and tax filings. The SEC defines accredited investors as those who have established market credibility and are unrestricted by regulations when it comes to investing in a variety of financial instruments.
Businesses are not required to keep certificates on file, but they must take reasonable steps to confirm that Accredited Investors are eligible by gathering pertinent data and examining financial records.
To sum up, the launch of Surepass’s Investor Verification API gives companies a dependable and effective way to verify investors, which makes investment partnerships safe and legal. Businesses can confidently traverse the complex financial landscape by utilizing this cutting-edge API, which also protects against potential dangers and promotes long-term business opportunities.
