Energy Partner’s Fund-IX is a private placement offering having filed Form D, Rule 506 with the SEC. Under this rule, EPF-IX may offer and sell securities to an unlimited number of “accredited investors” (generally wealthy or institutional investors, as defined by Rule 501(a) of Regulation D) and to no more than 35 non-accredited investors who meet certain “sophistication” requirements. Therefore, the requirement that EPF-IX must take “reasonable steps” as issuer to verify a purchaser’s status based on the type of Accredited Investor that the purchaser claims to be.
Stay in Touch
Would you like more information regarding CEFM?