INVESTOR ACCREDITATION INFORMATION
INTRODUCTION – JOBS Act – Rule 506 ACCREDITATION
Under the Rules for JOBS Act Rule 506 investors, the United States Securities and Exchange Commission (SEC) re-adopted the provision of the previous Rule 506, requiring that such investors be ‘accredited investors.’
With the adoption of the new 506 JOBS Act rules, however, the SEC provided clarification concerning the parameters of what constitutes an ‘accredited investor.’
Pursuant to those new rules, third-party accreditation companies have been formed for the purpose of providing a secure manner in which potential investors may provide information concerning their ‘accreditation’ potential. Such companies evaluate accreditation using the rules that became a part of the JOBS Act implementation for the Rule 506 investment opportunities.
For the purposes of investments in any the Rule 506 investment opportunities of Rural Broadband Company, Inc., all investors, foreign and domestic, and whether for investor visas purposes or not, must comply with the accreditation process.
INVESTOR ACCREDITATION PROCESS
Before Rural Broadband Company, Inc., can consider selling any Rule 506 securities to any potential investors, the investor must demonstrate that he/she is accredited.