A Non-Professional subscriber refers to any natural person who is not:

• Registered or qualified with, or a foreign organizational equivalent of: the Securities and Exchange Commission (the SEC), the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, any commodities or futures contract market or association;
• Engaged as an investment advisor as that term is defined in Section 201(11) of the Investment Advisor’s Act of 1940 (whether registered or qualified under that Act; nor
• Employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform function that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt.