Verification

Accredited Investor 

(Individuals and Entities)

Rule 506(c) offerings are only open to verified accredited investors; thus the SEC requires our clients to independently verify the accredited status of their investors before accepting their investment. As a convenience for our clients and their investors, Syndication Attorneys, PLLC has partnered with EarlyIQ, Inc., an industry-leading third-party accredited investor verification service, to offer these verifications.

Identity-Only Investor 

(incl. OFAC)

The United States Patriot Act and other financial regulations require our clients to independently verify the identity of their prospective investors. Additionally, before accepting an investment, issuers of Securities Offerings are required to ensure that their investors are not named on any prohibited specially designated nationals or sanctions list maintained by the US Department of Treasury’s Office of Foreign Assets Control (OFAC).

Bad Actor

Background Check

An issuer utilizing the Regulation D, Rule 506 Securities exemption is required to conduct a factual inquiry into past criminal convictions, regulatory or court orders, or certain other disqualifying events for all members of the management team, any promoters of the offering, and any person who acquires ≥20% of the Class A or Class B interests (“Covered Persons”). If certain events are discovered, management may be required to deny admission, restrict voting rights, or disclose the event to all investors in the Offering. As a convenience for our clients, Syndication Attorneys, PLLC has partnered with EarlyIQ, Inc., an industry-leading third-party verification service.

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