> A limitation on the amount of securities non-accredited investors can purchase in a Tier 2 offering of no more than 10 percent of the greater of the investor’s annual income or net worth.
Do these modest limitations on non-accredited investors only apply to Tier 2 offerings? I.e., can a non-accredited investor put 100% of net worth into a Tier 1 offering?
Also, I saw a SeedInvest summary article on the proposed rules and it stated: "Anyone can invest: Not limited to just “accredited investors” – your friends and family can invest. Tier 2 investors will, however, be subject to investment limits described below."[1]
A law firm called Morrison Foerster also has a nice summary table on page 9 of their Regulation A+ client alert[2].
[1] http://www.seedinvest.com/blog/regulation-a-equity-crowdfund...
[2] http://www.mofo.com/~/media/Files/ClientAlert/2015/03/150326...