A CRT with less than $5 Million in assets wishes to invest in something (Bank Sub Debt) which requires the investor to be an "Accredited Investor." The Trustee of the CRT is certainly an "Accredited Investor." The bank says the CRT is not an "Accredited Investor" and refuses to accept the CRT's investment.
I think the bank is wrong. Does anyone have any authority on this question?
Thank you,
Rene J Neyrey
Accredited Investor
Trust need to have assets of $5M+ in order to be accredited.
Hope this helps, Mary Beth Healy