b'6. Choose Your Securities ExemptionThe issuer can raise an unlimited amount of moneyFunds can come from an unlimited number verified accredited investorsAdvertising of the offering is allowedA Form D filing is required within 15 days of the first saleThe exemption pre-empts state blue sky laws, but state notices of sales are required, usually within 15 days of sales in their state.The burden is on the issuer to demonstrate that reasonable steps were taken to ensure that all investors are accredited. The SEC has offered some non-exclusive methods to verify accredited status for natural persons, which include such things as: The issuer can verify income from the investors past two years tax returns and obtain written assertions that the income is expected to continue. The issuer can verify assets by reviewing statement balances from brokerage houses or banks, reviewing tax assessments/third-party appraisals of real estate holdings and verifying liabilities through an investors credit report. The investor can also provide a written confirmation from his or her own securities broker-dealer, registered investment adviser, licensed attorney or CPA, who asserts he or she has taken reasonable steps to verify the investors accredited status within the past 90 days and that the person is, in fact, accredited. There is a grandfather clause for investors who previously invest-ed with an issuer as an accredited investor. The question is whether an investor in a previous offering by a common management team is the same issuer as a company that has been newly formed for a current offering? Although it may be inconvenient for investors, an issuer would be prudent to be safe and get re-verification each time an investor invests in a new offering, if its not offered by the exact same issuer as the previous offering. Rule 506(d) - Bad Actor Prohibitions The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) of 2010 required the SEC to adopt rules prohibiting the 57'