What you are describing are eligibility requirements for investors and such varies depending on what you are investing in.
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What are the exemptions for OZ offers to not be registered with SEC?
Does it matter if I am an accredited investor under the Securities Act?
Answers
There are no special rules.
There's a lot more compliance for offerings to non-accredited investors than there are for offerings solely to accredited investors. Generally, as a cost-benefit measure, syndicators will restrict offerings only to accredited investors to avoid extra compliance. Unaccredited investors can't really provide leverage unless you're crowdfunding.
Reg D 506(b) and 506(c) offerings are the most commonly used. A Reg CF offering could be done online. A Reg D 506(b) offering cannot generally solicit the public via advertising whereas a Reg D 506(c) offering can do so if it performs reasonable steps for verification of accredited investor statutes by the interested investor before the offering prospectus is released.
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