... an issuer has taken reasonable steps to verify a purchaser's accredited investor status in offerings made under Rule 506(c).1 The Staff agreed that an issuer [...].
In response to Congress' directive, the SEC amended Rule 506[4] to create a bifurcated approach permitting private placements to be conducted either. without general solicitation and general advertising in reliance on Rule 506(b); or.
) The guidance clarifies the circumstances in which minimum investment amounts can help satisfy the reasonable steps required to verify purchasers' accredited investor status in Rule 506(c) offerings ...Disclaimer.