Is Cold Calling Investors Legal Under 506(c)?
CFE Marketing Services cannot answer that for your offering, and your securities counsel should. What we can explain is our role. CFE Marketing Services books introductory meetings with prospective investors and their advisors using US based callers and cold email, following the messaging and rules your counsel approves. Whether an offering relies on 506(b) or 506(c) shapes those rules, so decide that first.
Why the exemption matters
Reg D 506(b) and 506(c) treat general solicitation differently, and each carries its own investor verification duties. Your counsel applies them to your offering.
Questions to ask your counsel
Which exemption applies, what outreach language is allowed, how prospects must be verified, and what may be shared before and after a first meeting.
What CFE does and does not do
We book meetings and follow approved messaging. We do not give legal or investment advice or discuss offering terms.
| Step | Owner |
|---|---|
| Choosing the exemption | Sponsor and counsel |
| Approving outreach messaging | Sponsor and counsel |
| Booking introductory meetings | CFE Marketing Services |
| Investor verification | Sponsor and counsel |
Frequently asked questions
Does CFE give securities advice?
No. CFE Marketing Services books meetings and does not give legal or investment advice.
Will you follow our counsel's rules?
Yes. Outreach follows the messaging and targeting your counsel approves.
Who handles accredited investor verification?
Your team and your counsel.
CFE Marketing Services books meetings with prospective investors and their advisors. Your own securities counsel handles Reg D 506(b) and 506(c) requirements and accredited investor verification. Nothing here is legal or investment advice.