---
title: Why does Lightstone DIRECT only accept accredited investors?
description: Why does Lightstone DIRECT only accept accredited investors?
---

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# Why does Lightstone DIRECT only accept accredited investors?

## Why does Lightstone DIRECT only accept accredited investors?

The SEC requires that private investment offerings conducted under Regulation D (such as those on Lightstone DIRECT) be limited to accredited investors. These rules are intended to ensure that participants in private placements have the financial sophistication and resources to bear the risks of illiquid, non-public investments.

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