Room · Accredited, verified
Rule 506(c) offering
General solicitation is permitted, and every purchaser must be an accredited investor. The issuer is responsible for taking reasonable steps to verify accredited status; the workspace keeps the verification status, expiry and letter reference.
What this room does
- Accreditation record with a life — status, source, expiry, letter reference
- InvestReady available for verification; the investor deals with the vendor
- Indications blocked until the status is on file
- Public tombstone with the accredited-investors legend
- Reasonable-steps file assembled for counsel, never a determination by Sprowtt
What it does not do
Sprowtt does not decide whether this exemption is available to the issuer, approve the offering materials, decide whether an investor is suitable, verify legal compliance, recommend the investment, negotiate the transaction, or guarantee an outcome. Completing a step in this room is not SEC approval of an offering, and is not a substitute for your own securities counsel.