A company conducting a Rule 506(c) private placement wishes to advertise the offering. What condition must be satisfied for general solicitation to be permissible?

1. AAll investors must be sophisticated but not necessarily accredited.
2. BThere is no need for investor verification if they self-certify.
3. CThe issuer must take reasonable steps to verify that all purchasers are accredited investors.✓ Correct answer
4. DNon-accredited investors may participate with disclosure.

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