What Rule 506(c) actually asks of an issuer
[DRAFT — PENDING LEGAL REVIEW] Rule 506(c) permits general solicitation, but it replaces self-certification with an obligation to take reasonable steps to verify that every purchaser is an accredited investor. This piece sets out what that obligation looks like in practice and why it changes the shape of an onboarding process.
Draft article. Do not publish before securities-counsel review.