The Crowdfund Intermediary Regulatory Advocates (CFIRA) hosted an educational session on crowdfunding last week (March 20) where they addressed the topic of General Solicitation (Advertising) for 506(c) private placements. Â The panel discussion included a slide show plus several crowdfunding luminaries including:
- Sarah Hanks – CrowdCheck
- Daniel Gorfine – Milken Institute
- DJ Paul – Gate Global Impact
- Steve Ferrando – CrowdClear
- Sherwood Neiss – Crowdfund Capital Advisors
Topics covered included:
- Why is general solicitation a powerful tool for companies?
- What types of companies does general solicitation make sense for?
- What constitutes a general solicitation?
- What additional requirements come along with generally soliciting?
- Have companies been generally soliciting successfully thus far?
- If I choose not to generally solicit, how can I make sure I comply with 506(b)?
- What technology is out there that can help companies comply?
- What potential regulatory changes are still pending?
You may view the presentation in it’s entirety below.