News & Analysis as of

Private Placements Verification Requirements

Bradley Arant Boult Cummings LLP

SEC Issues Guidance on Accredited Investor Verification

The staff of the U.S. Securities and Exchange Commission (SEC) recently released a no action letter addressing when accredited investor status for purposes of Rule 506(c) of Regulation D can be established by a representation...more

Winstead PC

Is Your Purchaser Accredited? Clarifications from the SEC

Winstead PC on

Under Rule 506(c), companies can now engage in a general solicitation in conducting private placements but if they do so, they must verify that each purchaser is accredited. The SEC has provided some safe harbors for...more

Pierce Atwood LLP

New SEC Rule 506(c) - Accredited Investor Verification Requirements

Pierce Atwood LLP on

We recently published a Business Alert regarding the SEC’s adoption of the final rule to lift the ban on general solicitation and advertising in Rule 506 offerings to accredited investors....more

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