Specifically, Rule 100(a)(2) of Regulation Crowdfunding provides:
"The aggregate amount of securities sold to any investor across all issuers in reliance on [the equity crowdfunding exemption] during the 12-month period preceding the date of such transaction, including the securities sold to such investor in such transaction, shall not exceed:
(i) The greater of $2,000 or 5 percent of the lesser of the investor’s annual income or net
worth if either the investor’s annual income or net worth is less than $100,000; or
(ii) 10 percent of the lesser of the investor’s annual income or net worth, not to exceed an
amount sold of $100,000, if both the investor’s annual income and net worth are equal to or more
The investment limit (for all crowdfunding investments) for a crowdfunding investor always results in a number:
- between $2,000 and $5,000; or
- between $10,000 and $100,000.
- less than $2,000;
- more than $5,000 but less than $10,000; or
- more than $100,00.