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129
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62
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Marshall Hooper
  • Investor
  • Houston, TX
62
Votes |
129
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Syndicates soliciting for equity investors on Facebook

Marshall Hooper
  • Investor
  • Houston, TX
Posted

Is it legal for syndicates to solicit for investors on FB? I thought you weren't allowed to market your fund publicly?

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Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
1,631
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1,008
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Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
Replied

@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):

https://www.sec.gov/smallbusiness/exemptofferings/...

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