Learn

Reg D 506(c) vs Reg CF

Both let you raise capital from the public without a full SEC registration - but they serve different rounds. The right choice comes down to who you want as investors and how much you intend to raise.

	Reg D 506(c)	Reg CF
Who can invest	Accredited investors only	Anyone (limits for non-accredited)
Raise cap	No cap	Up to $5M per 12 months
Public marketing	Allowed (general solicitation)	Allowed, via a registered portal
Investor verification	Required - reasonable steps	Self-certified income/net-worth limits
Typical use	Larger raises, sophisticated investors	Community & retail-friendly rounds

Choose 506(c) if…

You want to raise a larger amount with no cap, market the round publicly, and work with accredited investors. Since 2025, the verification burden has been far lighter - which is why 506(c) has become the default for serious private raises. The one requirement that never goes away: you must take reasonable steps to verify each investor is accredited. That's the rail AccreditKings runs.

Choose Reg CF if…

You want to open the round to your whole community - customers, fans, and everyday supporters - not just accredited investors. The tradeoff is a $5M annual cap and per-investor limits for non-accredited participants, which the platform enforces for you.

Ready to choose and raise?

We'll take you from exemption to a live, compliant listing on Fraction Kings - with investor verification built in.

See issuer options →

Educational information only - not investment, legal, or tax advice. Consult qualified securities counsel before launching any raise.