Tommy DobczykOpportunity Zone Advisor, OZ Wizard · Director of Development | Certified Opportunity Zone Advisor

Invest Smart: Accredited vs. Non-Accredited Investor Rules! #shorts

29 Jul 2026 · 1 min

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SEC Rule 506 splits private investments two ways: Rule 506(b) lets you take non-accredited investors but you can't publicly market it, while Rule 506(c) limits investors to accredited ones and allows general solicitation. Both require clear risk disclosures and proper agreements.

Chapters

Your current documents already support the securities compliance, which is super important. All about accredited investors, all that, about the risks, the liquidity. There's no guarantee on returns and our past performance doesn't predict the future. Subscription agreement. Again, all the things that— all the legalese. And then the operating agreement. Again, more legalese. Biggest legal compliance issue that we have to choose is a 506 or 506. So 506 means for non-accredited investors. 506 is for accredited investors only. So we have to choose one way or the other. And then 506 allows us to publicly market it, talk about it on social media, podcasts, all the things. 506 means you have to have a preexisting relationship with us for us to even talk to you about it.