reasonable steps verification

For issuers conducting private placements under Rule 506(c), maintaining thorough documentation is not optional — it is a regulatory obligation. The SEC's reasonable steps verification standard requires issuers to actively confirm accredited investor status before...

According to the SEC, an accredited investor must meet a very specific set of requirements. For individuals, they generally must qualify under either a high income or high net worth test. The income test requires that the individual earns an annual income of $200,000...