Rule 506(b)

Rule 506(b) (Issuer and Investor related) - Rule 506b of Regulation D, which has been in effect for many years (referred to previously as Rule 506), enables issuers to issue an unlimited amount of securities so long as no more than 35 non-accredited investors participate in the offering.  In practice only Accredited Investors are allowed to participate, but they may self-verify their Accredited Investor status for Rule 506(b) offerings.