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Glossary
Reg D Rule 506(c)
Regulation D, Rule 506(c)
A US exemption that lets issuers raise capital from verified accredited investors, including with general solicitation.
Rule 506(c) of Regulation D under the Securities Act lets an issuer raise an unlimited amount from accredited investors and publicly solicit the offering — provided the issuer takes reasonable steps to verify that every investor is accredited.
Self-certification by checkbox is not sufficient under 506(c); the issuer is responsible for verification. The deal manager is the issuer; software that merely helps structure the offering, charges a flat fee, and never handles funds is not acting as a broker-dealer.
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