The Role of the Securities Attorney in a Private Placement Offering

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Rule 506(c) fundamentally changes how an issuer conducts its private placement.  The rule allows issuers to engage in general solicitation and advertising of their private placement if specific conditions are met.   These requirements include that sales may only be made to accredited investors.  Issuers must undertake specific verification procedures to confirm accredited investor status in offerings under Rule 506(c).  Both domestic and foreign issuers may use Rule 506(c) for their securities offerings. We will provide you with the verification procedures to ensure that the requirements of Rule 506 (C) are met.