Effective September 23, 2013, this Rule enables “general solicitation” for Regulation D private placements where only Accredited Investors may purchase the securities. Rule 506(c) also now requires that Accredited Investors (see “Accredited Investor Questionnaire”) provide third-party verification that they meet either the income test or net worth test required to participate in a Rule 506c offering (see “Accredited Investor Verification Guidelines” and Regulation D, Rule 506(c) Private Placements”). In the past, self-verification was sufficient. Issuer- and Investor-related.
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by [email protected] | Mar 8, 2019
