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Individuals or institutions that can invest in private equity companies. In order to protect the interests of investors, the securities exchange authorities in the United States and Canada stipulate that investors who meet certain conditions and can judge the market can invest in private limited cooperative companies, and these companies can only raise funds from qualified investors. Its basic condition is that personal assets are not less than $654.38 +0 million; The annual income is not less than 200,000 US dollars; At least USD 654.38+USD 0.5 million has been invested in the capital market; The total investment in private equity companies shall not exceed 20% of the total personal assets. Securities are essentially civil rights with property attributes. The characteristics of securities are that civil rights are embodied in securities, so that rights are combined with securities, and rights are embodied in securities, that is, rights securitization. It is a legal phenomenon in the form of securities in the way and process of rights holders exercising their rights, a social phenomenon of symbolization of investors' investment property, and a sign and result of developed social credit.
Securities must be associated with specific forms of expression. In the development of securities, the earliest basic way to commend securities rights is paper, and the specific rights are expressed in words or graphics on special paper. Therefore, securities are also called "documentary evidence" and "documentary evidence". However, with the rapid development of economy, especially the development of electronic technology and information network, paperless securities have appeared in modern society. Securities investors almost no longer own any securities in the form of physical coupons, and the number of securities they hold or the securities rights are recorded in the investor's account accordingly. The development process from "paper securities" to "paperless securities" reveals the great differences between modern securities concepts and traditional securities concepts. Securities are documents of rights with property value. In modern society, people are not satisfied with the direct possession, use, income and disposal of wealth, but pay more attention to the ultimate domination and control of wealth, and securities, a new form of property, came into being. Holding securities means that the holder has control over the property represented by securities, but this control is not direct control but indirect control.