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Syndication Attorneys Individual Background Check Landing Page
Bad Actor Background Check
An issuer utilizing the Regulation D, Rule 506 Securities exemption is required to conduct a factual inquiry into past criminal convictions, regulatory or court orders, or certain other disqualifying events for all members of the management team, any promoters of the offering, and any person who acquires ≥20% of the Class A or Class B interests (“Covered Persons”). If certain events are discovered, management may be required to deny admission, restrict voting rights, or disclose the event to all investors in the Offering.
As a convenience for our clients, Syndication Attorneys, PLLC has partnered with EarlyIQ, Inc., an industry-leading third-party verification service. The detailed information you provide will NOT be accessible by anyone outside of EarlyIQ's U.S.-based analysts who validate the information you provide. Syndication Attorneys will not have access to the detailed information. You will provide the report you receive from EarlyIQ to the Manager of the Securities Offering as proof of your eligibility to participate as a Covered Person.
NOTE: The fee for this service is $69 per individual.
Start by registering with EarlyIQ below and providing payment information - doing so only takes a couple of minutes. You'll be asked to provide some basic information about yourself and your identity will be verified automatically. You will also be asked to disclose any events that, per SEC Rule 506(d), could be either disqualifying or require disclosure prior to your participation in the offering.
If you have any questions about the Securities Offering in which you are participating, please contact the person identified on the front of your Private Placement Memorandum or in the Instructions section of your Subscription Agreement. More information about the Bad Actor requirement is available at the following link: https://www.sec.gov/info/smallbus/secg/bad-actor-small-entity-compliance-guide.htm#part1
And if you have any questions about the EarlyIQ process, please contact EarlyIQ at email@example.com.
Syndication Attorneys, PLLC assumes no liability for your participation in one of our client’s offerings. Your use of this service does not constitute an attorney-client relationship with Syndication Attorneys, PLLC. This is merely a service offered as a convenience for Syndication Attorneys, PLLC’s clients and their investors. Private offerings are risky investments. Investors should consult with their own legal, financial and tax advisors before considering an investment in any securities offering.