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Podcast: Syndication Law & The Private Placement Memorandum Attorney
Episode: Navigating Securities Laws And Social Media: A Guide For Syndicators
Description: Social media in the context of Regulation D, Rule 506b and 506c, as they relate to finding investors, can be daunting. The key point is the concept of 'general solicitation' - the process of making a public offer or advertisement to potential investors. General solicitation is allowed under Rule 506c but is limited under Rule 506b, which prohibits certain marketing activities, such as holding seminars solely for the purpose of marketing an offer. The crux of the discussion lies in understanding how social media fits into these regulations. The argument is made that posting an investment offer to your...