Syndicates soliciting for equity investors on Facebook
Is it legal for syndicates to solicit for investors on FB? I thought you weren't allowed to market your fund publicly?
Most Popular Reply
@Marshall Hooper - Yes a 506(c) offering allows you to solicit funds from Facebook, TV, Radio, etc.
However there are more steps involved.
What I find is that folks are soliciting and they are not following the rules of 506(c) so you need to be careful.
For your reference, here is a link to the SEC website regarding 506(c):