SEC Staff eases Rule 506(c) verification with high-minimum investment approach
By EsqSocial Corporation 04/04/25
On March 12, 2025, the Securities and Exchange Commission issued a significant No-Action Letter, providing clarity on how issuers can satisfy the “reasonable steps” requirement for verifying accredited investor status in Rule 506(c) Regulation D offerings. This guidance responds to an inquiry from Latham & Watkins LLP and effectively endorses the use of high minimum investment thresholds paired with specific investor representations as an acceptable method for verifying accredited investor...
By: Eversheds Sutherland (US) LLP