Certain securities offerings that are exempt from registration may only be offered to, or purchased by, persons who are “accredited investors.”
An accredited investor is an individual or company or other type of legal entity that meets critera defined by the SEC, such as a high annual income or net worth, that qualifies the entity as financially sophisticated.
It depends on the offering. Some offerings are only be available to accredited investors. Others allow non-accredited investors. However, there are often contribution limits for non-accredited investors whereas accredited investors are often not limited.
During the registration or investment process you will be presented with a list of available qualification options. Select the option that best describes your situation. Additionally you may be asked to provide financial statements or a letter from your CPA to verify your selection.