SIE practice

An issuer plans a private placement under Regulation D and wants to advertise the offering on its website and social media. Which approach allows this?

• ARule 506(b), as long as no more than 35 non-accredited investors buy
• BRule 506(c), as long as all purchasers are accredited and the issuer takes reasonable steps to verify their status
• CRule 506(b), as long as each non-accredited buyer signs a statement of sophistication
• DRule 506(c), as long as the issuer limits sales to residents of one state