With the recent Jobs Act, is it legal to advertise locally for investors and, if so, do I need to state that they must be Certified Investors? Would I be better off advertising for shares in a Syndicate, or is it the same thing?
The JOBS act did relax advertising a little. Its VERY limited. You can advertise ONLY for accredited investors and all investors in your private placement MUST be accredited. You will need to comply with the processes for doing private placements. That typically involves both SEC and state (state where your investor is) registration. Get a good securities attorney.
You probably just want to advertise that you're looking for money for your deals along with your track record. A good securities attorney that understands the new 506(c) rules along with the pitfalls for reasonableness screening is a necessity.
Note that these are not called "private placements" any more because they're no longer private. You probably want to call it an offering circular or something similar if you intend to advertise.
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