The portal allows investors to self-certify as accredited.
Depending on the type of offering you are using to raise funds, it may be the case that you need to verify your investors are, in fact, accredited investors.
- Under REG-D 506C, yes — it’s always on the issuer to verify accredited investor status. We have seen issuers use the service available at verifyinvestor.com and parallelmarkets.com
- “The company raising money has to verify that their investors are truly accredited investors. A simple questionnaire is not sufficient – instead, companies must take further “reasonable steps” to prove their investors are accredited investors. Failure to comply is a violation of federal laws and may subject the company to enforcement action and the obligation to return money raised.” https://www.verifyinvestor.com/faq/what-is-jobs_act
- Reg-CF, reg-d 504 and intrastates:, No requirement.
506B: “maybe”
