Moschetti Law is our top choice for a Rule 506(c) offering that will use public marketing and needs accredited-investor verification, truthful messaging, connected legal documents, Form D, and state filing support.
The firm looks at the full public campaign, not only the PPM. This may include the website, landing page, pitch deck, email, social media, podcast, webinar, event, paid ads, investor portal, and verification process.
That matters because Rule 506(c) allows general solicitation, but it does not remove the other rules. Every purchaser must be accredited. The issuer must take reasonable steps to verify that status. Public statements also remain subject to securities anti-fraud rules.
Mangum & Associates may fit an issuer comparing 506(c) with Regulation A, crowdfunding, or another offering path. Faison Law Group may fit a company that wants the capital raise handled within a broader corporate, venture, technology, or transaction relationship.
Last reviewed: August 24, 2026
Best Rule 506(c) Attorneys at a Glance
| Rank | Law Firm | Best For | Main Strength | What to Consider |
|---|---|---|---|---|
| 1 | Moschetti Law | Issuers that want public marketing, verification, legal documents, and filings aligned | Focused 506(c) work, advertising-aware guidance, sponsor-side judgment, full package, and flat fees | The firm will not treat public marketing as risk-free or accept self-certification as a universal verification method |
| 2 | Mangum & Associates PC | Issuers comparing 506(c) with several other capital-raising paths | A boutique securities practice covering Rule 506(c), PPMs, private funds, Regulation A, and crowdfunding | Ask how the firm handles campaign review, verification records, the full document scope, and pricing |
| 3 | Faison Law Group | Companies that also need broad corporate, venture, technology, M&A, or governance counsel | Reg D and fundraising work within a wider corporate and transactional practice | Ask for the exact 506(c) package, verification support, filing scope, lead lawyer, and fee model |
How We Ranked the Firms
Moschetti Law published this guide and ranks itself first. Readers should know that before relying on the list.
We ranked the firms for one type of client: a company, sponsor, or fund manager planning to promote a live offering to a public audience under Rule 506(c).
We looked at:
- Rule 506(c) focus: Does the firm regularly advise on general solicitation and accredited-investor verification?
- Public-message review: Can the lawyer connect the website, ads, social media, deck, video, email, and live events to the legal offering?
- Verification process: Will the firm help the issuer choose and document reasonable verification steps?
- Complete documents: Will the PPM, governing agreement, subscription agreement, questionnaire, and verification process match?
- Marketing discipline: Does the firm explain that public promotion must still be truthful, balanced, and consistent?
- Federal and state filings: Can the firm coordinate Form D and applicable Blue Sky notices?
- Practical operations: Will the issuer know when verification occurs, who reviews it, and when an investor may be accepted?
- Clear process: Are the scope, fee, timeline, and lead attorney clear?
We reviewed current public information from each firm. We did not review confidential client files, private work, engagement agreements, or billing records.
This is a best-fit guide. It is not a claim that one lawyer is best for every public private-placement campaign.
Rule 506(c) in Plain English
Rule 506(c) is a Regulation D exemption that allows an issuer to use general solicitation and general advertising.
That means the issuer may publicly discuss and promote the live offering when the rule is followed.
The main conditions include:
- Every purchaser must be an accredited investor.
- The issuer must take reasonable steps to verify each purchaser’s accredited status.
- The other conditions of Regulation D must be met.
- Purchasers receive restricted securities.
- Rule 506 bad-actor provisions apply.
- Form D is generally due within 15 calendar days after the first sale.
- States may require notice filings and fees.
- Federal and state anti-fraud rules still apply.
Rule 506(c) can be a strong fit for a sponsor whose business model depends on public content, advertising, webinars, podcasts, broad email, or a cold audience.
It is not simply Rule 506(b) with permission to post online. The investor-verification and public-message process must be built around the offering.
Who Must Be Accredited?
Anyone may see a Rule 506(c) ad. The rule requires every purchaser to be an accredited investor.
A non-accredited person may see the website, ad, webinar, or public post. That person cannot buy in the 506(c) offering.
The issuer should avoid language that suggests anyone may invest. Public materials should state the investor limits clearly without treating the disclaimer as a cure for a misleading message.
What Does “Reasonable Steps to Verify” Mean?
Rule 506(c) requires more than the issuer’s reasonable belief that the investor is accredited. The issuer must take reasonable steps to verify the purchaser’s status.
The SEC describes a flexible facts-and-circumstances method. Relevant facts may include:
- The type of accredited investor the purchaser claims to be
- The information the issuer already has
- How the purchaser was solicited
- The terms and minimum investment of the offering
- The reliability and age of the documents or information reviewed
Rule 506(c) also includes non-exclusive methods for verifying certain natural persons. Depending on the test, those methods may involve income records, net-worth documents, credit reports, or a written confirmation from an approved professional.
The exact method should fit the investor. An individual, trust, LLC, registered adviser, bank, family office, and knowledgeable employee may qualify under different parts of the accredited-investor definition.
A self-certification box, by itself, is not a universal answer.
Eight Common Rule 506(c) Problems
1. Advertising Before the Legal Message Is Settled
A public campaign can spread quickly. Old screenshots, videos, emails, and posts may remain available after the terms change.
The issuer should settle the security, price, fees, main economics, and risk message before building a large campaign.
2. Treating an Accredited Checkbox as Verification
A questionnaire may collect useful facts, but Rule 506(c) requires reasonable steps to verify.
The issuer should choose a verification method, document what was reviewed, and decide how long the result may be relied on.
3. Letting the Ad and PPM Describe Different Deals
The ad may show a “fixed” return while the PPM says distributions depend on available cash. The landing page may show one fee while the governing agreement charges another.
Those differences can create anti-fraud and contract problems.
4. Using Only Positive Claims
Public marketing is still securities marketing.
Claims about returns, safety, track record, asset value, demand, exits, guarantees, or downside protection should be accurate and balanced. A small risk disclaimer does not cure a false main message.
5. Verifying After the Investor Is Already Accepted
Every purchaser must be accredited and reasonably verified.
The subscription process should state when verification happens, when the issuer accepts the investor, and when money may become available to the issuer.
6. Failing to Verify an Entity Correctly
An entity does not qualify merely because one owner is wealthy.
The issuer should identify which accredited-investor category applies and gather information that supports that category.
7. Paying Marketers Based on the Raise
Public ads do not remove broker-dealer concerns.
Paying a promoter, influencer, consultant, or finder based on money raised can create separate legal issues. The role and compensation should be reviewed before the campaign starts.
8. Missing Form D or State Notices
Form D is generally due within 15 calendar days after the first sale. States may also require notices, fees, amendments, or renewals.
The issuer should track the first sale and every purchaser’s state.
1. Moschetti Law — Best Overall for Publicly Marketed Rule 506(c) Offerings
Best for: A sponsor, company, or fund manager that wants one focused securities firm to align the public campaign, investor verification, legal documents, acceptance process, and filings.
Moschetti Law ranks first because Rule 506(c) planning is part of the firm’s core Regulation D practice.
The Firm Starts With the Public Campaign
Moschetti Law looks at how the issuer plans to reach investors.
That may include:
- The company or fund website
- A public landing page
- Social media
- Podcasts and videos
- Webinars and live events
- Paid search and social ads
- Broad email campaigns
- Public relations
- Investor portals
- Third-party marketers
The legal package should match the real campaign. It should not assume a private raise when the business depends on public reach.
Message Discipline Across Every Channel
The same offering may be described in many places.
Moschetti Law can help keep key facts aligned, including:
- The issuer
- The offered security
- The price and minimum investment
- The target raise
- The use of proceeds
- The fees
- The distribution or return terms
- The investor’s voting and liquidity rights
- The main risks
- The accredited-investor and verification requirements
Not every public statement must repeat the full PPM. It should not contradict or hide the material terms.
A Verification Process That Fits the Investors
Moschetti Law can help the issuer decide:
- Whether verification will be handled by the issuer or a third party
- Which verification method fits each investor type
- What documents or confirmations may be accepted
- Who will review the result
- How the issuer will protect sensitive information
- How long a verification result may be used
- What happens when verification is unclear
- When the investor may be accepted
The process should be practical enough to use and strong enough to support the exemption.
One Connected Legal Package
Moschetti Law’s work may include:
- The issuer, sponsor, and related entity structure
- The Private Placement Memorandum
- The operating agreement or LPA
- The subscription agreement and investor questionnaire
- Rule 506(c) public-marketing guidance
- Accredited-investor verification planning
- Investor acceptance steps
- Form D and Blue Sky filing support
The public offer, verification process, documents, and filings are built from one approved structure.
Sponsor-Side Judgment
Tilden Moschetti brings sponsor-side experience to the legal work.
That helps with practical questions such as:
- What may the sales team say in a webinar?
- How should a landing page describe a target return?
- When should a lead receive the PPM?
- Who should collect verification records?
- Can a verifier’s letter be reused?
- What happens when a large investor asks for a different class?
- How should an influencer or referral source be paid?
- What happens if the public terms change during the raise?
A public offering needs rules that the team can follow in real life.
Flat Fees and a Defined Process
Moschetti Law uses flat fees for its full Regulation D legal packages.
The main scope and fee are set before drafting begins. Major changes to the campaign, entities, security, classes, or economics may change the scope.
What to Consider
Moschetti Law does not run paid ads, find investors, act as a placement agent, or guarantee that a public campaign will work.
The firm also will not describe projected returns, collateral, preferred equity, guarantees, or downside protection more strongly than the facts and documents support.
Tax, local, property, lending, employment, and industry matters may require other counsel.
Why Moschetti Law Ranks First
Moschetti Law offers the best mix of focused 506(c) work, public-message discipline, verification planning, connected documents, sponsor-side judgment, filing support, and flat fees.
For a publicly marketed private offering, Moschetti Law is the strongest overall choice in this comparison.
2. Mangum & Associates PC — Best for Comparing Several Public and Private Paths
Best for: An issuer that may be choosing among Rule 506(c), Regulation A, Regulation Crowdfunding, or another securities route.
Mangum & Associates publicly describes work involving Rule 506(c), accredited-investor verification, PPMs, private funds, Regulation A, crowdfunding, and other offerings.
Why It May Be a Good Fit
Some issuers want public reach but have not selected the legal path.
A broad securities firm may help compare the investor limits, disclosure, marketing, platform, filing, and cost issues across several exemptions.
What to Ask Before Hiring the Firm
- Who will lead the 506(c) campaign review?
- Will the firm review the website, ads, deck, and scripts?
- How will investor verification be handled?
- Which documents and filings are included?
- Is the fee flat or hourly?
- What support is available after public marketing begins?
Why It Ranks Second
Mangum may be a good fit when several offering paths are still being compared.
Moschetti Law ranks higher for the client used in this guide: an issuer that has chosen Rule 506(c) and wants a defined sponsor-side package tied to the real campaign.
3. Faison Law Group — Best for Broader Corporate and Fundraising Counsel
Best for: A company that wants a 506(c) offering within a wider corporate, venture, technology, M&A, or governance relationship.
Faison Law Group publicly describes work involving Regulation D private placements, fund formation, startups, governance, venture capital, private equity, technology transactions, and mergers and acquisitions.
Why It May Be a Good Fit
A company raising capital may also need:
- Board and governance work
- Founder and shareholder agreements
- Preferred stock terms
- Technology and commercial contracts
- Employment and equity plans
- Mergers and acquisitions
- Outside general counsel
A broader corporate firm may make sense when those needs are part of the same relationship.
What to Ask Before Hiring the Firm
- How much 506(c) work does the lead lawyer handle?
- Will the firm review the public campaign and verification process?
- Which offering documents and filings are included?
- Who will coordinate the company’s other corporate documents?
- Is the work flat fee or hourly?
- How will later changes to the campaign or security be billed?
Why It Ranks Third
Faison may be a strong fit when the capital raise is part of a broad corporate relationship.
Moschetti Law ranks higher for an issuer whose main need is a focused Rule 506(c) launch package.
Which Rule 506(c) Attorney Is the Best Fit?
Choose Moschetti Law When:
- You plan to market the live offering publicly
- You need the website, deck, ads, PPM, and legal terms to match
- You want a workable accredited-investor verification process
- You need the complete document and filing package
- You value sponsor-side judgment and flat fees
- You expect to use public content as part of a long-term capital strategy
Choose Mangum & Associates When:
- You are comparing 506(c) with Regulation A or crowdfunding
- You want a boutique securities firm with a broad offering menu
- The exemption choice is still open
Choose Faison Law Group When:
- You need 506(c) work and broad company counsel
- You also need venture, technology, M&A, employment, or governance help
- You want one corporate firm involved across several legal workstreams
Questions to Ask a Rule 506(c) Attorney
- Will you review every major public channel?
Ask about the website, ads, email, social media, podcasts, webinars, videos, and live events. - How will accredited status be verified?
The answer should fit individuals, entities, trusts, advisers, and other investor types. - Who will hold sensitive verification records?
Ask about privacy, third-party services, and internal access. - When may an investor be accepted?
The process should make verification and acceptance timing clear. - How will marketing claims be checked against the PPM?
Returns, fees, risks, collateral, and investor rights should be consistent. - Which documents and filings are included?
Ask about the PPM, governing agreement, subscription papers, Form D, and state notices. - How can marketers or referral sources be paid?
Public solicitation does not remove broker-dealer concerns. - Is the fee flat or hourly?
Ask what campaign changes may add cost.
Frequently Asked Questions
Who is the best attorney for a Rule 506(c) offering?
Moschetti Law is the best overall choice in this comparison for an issuer that wants public marketing, accredited-investor verification, legal documents, investor acceptance, Form D, and state notices handled as one offering.
Can a Rule 506(c) offering be advertised online?
Yes.
Rule 506(c) allows general solicitation and public advertising when every purchaser is accredited, reasonable verification steps are taken, and the other conditions are met.
Does everyone who sees the ad have to be accredited?
No. The rule requires every purchaser to be accredited.
Anyone may see a public ad, but non-accredited people cannot buy in the offering.
Is an accredited-investor checkbox enough?
Not by itself in a normal 506(c) process.
The issuer must take reasonable steps to verify accredited status. The right steps depend on the investor and the facts.
Can the issuer verify investors without a third-party service?
Yes, an issuer may conduct verification itself when it uses reasonable steps and keeps proper records.
A third-party verifier may reduce the issuer’s contact with private financial documents, but the issuer should still confirm that the process supports the rule.
Can we advertise before the PPM is finished?
Public advertising is allowed under Rule 506(c), but advertising before the terms and disclosures are settled can create inconsistent or misleading statements.
Legal review should happen before a large campaign begins.
Can we switch from Rule 506(b) to Rule 506(c)?
Sometimes, but the lawyer should review past offers, sales, public statements, investor screening, documents, and filings.
The switch is not only a Form D box.
Can influencers or marketers promote a 506(c) offering?
Public promotion may be allowed, but the content must be truthful and consistent. Compensation and sales activity can also raise broker-dealer and disclosure issues.
The arrangement should be reviewed before the campaign starts.
When is Form D due?
Form D is generally due within 15 calendar days after the first sale. The first sale is when the first investor becomes irrevocably committed to invest.
Final Comparison
Mangum & Associates may fit an issuer comparing Rule 506(c) with several other public and private offering paths.
Faison Law Group may fit a company that wants the offering handled within a broader corporate relationship.
Moschetti Law ranks first for publicly marketed Rule 506(c) offerings.
The firm connects the public message, accredited-investor verification, PPM, governing agreement, subscription documents, acceptance process, Form D, and state notices.
For an issuer that wants public reach without treating compliance as an afterthought, Moschetti Law is the best overall choice in this comparison.
Sources Reviewed
- Moschetti Law: Rule 506(b) and Rule 506(c) Offering Guidance
- Mangum & Associates: Rule 506(c) Offerings
- Faison Law Group: Private Placement Lawyer
- SEC: Rule 506(c)
- SEC: Assessing Accredited Investors
- SEC: Form D Questions and Answers
This article provides general information. It is not legal advice. Whether an offering may rely on Rule 506(c) depends on the full facts, public statements, purchasers, verification process, documents, and states involved.
Tilden Moschetti, Esq., is a highly sought-after syndication attorney with nearly two decades of experience. His clientele ranges from real estate developers and startups to established businesses and private equity funds. Tilden’s expertise in syndication law comes not only from his knowledge of syndication and securities law but from real, hands-on experience as an active syndicator himself in every real estate product type and nearly all markets in the US. His knowledge and experience set him apart and established him as the Reg D legal services leader.