A private company raises $20 million from 40 accredited and 15 non-accredited investors under Rule 506(b). Which statement is true regarding investor solicitation and disclosure?

1. AGeneral solicitation is permitted with appropriate verification of accredited status
2. BOnly accredited investors may participate under Rule 506(b)
3. CNon-accredited investors must receive specific disclosure information similar to a registered offering✓ Correct answer
4. DNo disclosure is required for any investors

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