What Are the Key Elements of Regulation D under the Securities Act?

Regulation D provides several exemptions from registration, most commonly Rule 506(b) and 506(c). Both allow unlimited fundraising.

Rule 506(b) permits sales to an unlimited number of accredited investors and up to 35 non-accredited investors, but prohibits general solicitation. Rule 506(c) allows general solicitation but limits sales only to verified accredited investors.