Under the JOBS Act, the SEC is required to amend its roles so that general solicitation and advertising of Rule 506 offerings will be permitted, so long as sales are made only to accredited investors
, which will certainly make it easier for companies to attract attention and increase the potential pool of investors.
The SEC is to apply three factors in determining whether to modify the definition of accredited investor
On December 27, 2006, the Commission released proposed revisions to its accredited investor
can register as investor members without paying a fee,
Copies of the Accredited Investor
Motion and the Accredited Investor
Order are available (a) free of charge on the website of the Subscription Agent, The Garden City Group, Inc.
An accredited investor
is also qualified to put money into hedge funds.
Unlike the other rules, Rule 506 imposes a requirement on the sponsor that a subjective determination be made as to the sophistication of the investors - accredited investors
are presumed to be sophisticated but non-accredited investors
should be required to complete questionnaires and follow other procedures in order that this requirement be satisfied.
PCM, a global information, capital raising and trading platform, provides a seamless primary and secondary market for companies seeking to raise capital through Accredited Investors
as well as offering liquidity opportunities for Accredited Investors
to auction their participations to other Accredited Investors
Zacks Direct -- An Alternative Investment Advertising Agency was created specifically to leverage the enormous opportunities for capital formation as companies and funds sought to seek capital from accredited investors
NEW YORK -- Private Company Marketplace (PCM), a member of the Financial Industry Regulatory Authority (FINRA) and a member of the Securities Investor Protection Corporation (SIPC) announces the opening of its internet based, centralized global financial information network designed to serve growing private companies and the Accredited Investor
In addition, accredited investors
must also show verification that they're an accredited investor
once they invest (such as a CPA, Attorney, or Broker letter attesting that the person is an accredited investor
ImageWare has agreed to file a registration statement covering resale of the securities by the accredited investor