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Purchaser representative
(USA) A person who acts on behalf of a purchaser of securities who otherwise would not be deemed to be an Accredited Investor under Regulation D of the Securities Act of 1933. The Purchaser Representative must be knowledgeable in financial and business matters such that he or she is capable of evaluating the merits and risks of the prospective investment. A Purchaser Representative should be acknowledged in writing by the investor in order to qualify under Regulation D.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Private equity
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