[durkie]

Really? Sorry, not trying to be dense here, but from what I see in 506.b.2.ii:

Nature of purchasers. Each purchaser who is not an accredited investor either alone or with his purchaser representative(s) has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment, or the issuer reasonably believes immediately prior to making any sale that such purchaser comes within this description.

Sounds like to me that they just require you or your representative to "know what you're doing" if you're not an accredited investor.