A company is conducting a private placement under Regulation D, Rule 506(c), and is relying on general solicitation. Which verification standard must be met for investors?

1. AInvestors must self-certify their accredited status with a signed statement only.
2. BReasonable steps to verify accredited status with objective records✓ Correct answer
3. COnly non-accredited investors may participate if general solicitation is used.
4. DThere is no requirement to verify accredited investor status.

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