Accredited Investor Representation Letter for Rule 506(c) Offering | Practical Law
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An accredited investor representation letter for a Rule 506(c) offering designed to help the issuer satisfy the requirement that it take reasonable steps to verify that each purchaser is an accredited investor (AI). The letter includes a template third-party verification letter that can be used by broker-dealers, licensed attorneys, investment advisers, and certified public accountants to confirm a purchaser’s AI status. This Standard Document has integrated notes with important explanations and drafting tips.