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Podcast: Syndication Law & The Private Placement Memorandum Attorney
Episode: "How do I let family and friends know that I’m doing a Reg D Rule 506b offer if I can’t advertise?"
Description: Tilden Moschetti, an attorney specializing in Reg D Rule 506b and 506c offerings, addresses the question of how syndicators can inform friends, family, and contacts about an investment opportunity without violating SEC rules. Regulation D Rule 506b, prohibits the advertisement of the offering as a general solicitation or general advertisement. Thus, while friends and family can be informed, it should be made clear that the general public is not allowed to invest.One strategy that Moschetti suggests is informing the public about the offering but making it clear that it's closed to them, establishing the grounds for...