Examlex
All of the following statements are correct EXCEPT:
Accredited Investor
An individual or entity that meets the requirements set forth by regulations, allowing them to invest in certain types of higher-risk investments, private placements, and other securities offerings not registered with regulatory entities.
Net Worth
The total value of an individual's or organization's assets minus liabilities, representing the financial health or wealth at a particular point in time.
Bankruptcy
A legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
Tippee
An individual who receives confidential information from an insider (the tipper), potentially violating insider trading laws if used for trading.
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