The beaver (genus Castor) denotes industry, perseverance and determination.
Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:
For more information about the SEC’s registration requirements and common exemptions, read the brochure, Q&A: Small Business & the SEC.