SIE (Securities Industry Essentials) Practice Exam

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A married couple who earned income exceeding $300,000 in each of the prior two years and reasonably expects the same for the current year is:

a qualified client
an accredited investor
a professional investor
a high-net-worth individual

The correct answer is: an accredited investor

A A qualified client must meet specific net worth or asset requirement qualifications, which are not mentioned as a factor here. Therefore, this option is incorrect. C: A professional investor is a specific type of investor with certain qualifications and requirements, which are not mentioned as a factor here. Therefore, this option is incorrect. D: A high-net-worth individual typically has a net worth of at least $1 million, which is not mentioned as a factor here. Therefore, this option is incorrect. B: An accredited investor is defined by the Securities and Exchange Commission (SEC) as someone who meets certain income or net worth criteria, which is mentioned in the question. Therefore, this option is correct.