The Unicorn Macro Fund, LP operates under SEC Rule 506(c). The United States Securities Exchange Commission rule 506 of Regulation D is considered a "safe harbor"
for the private offering exemption of Section 4(a)(2) of the Securities Act. Under Rule 506(c), a company can broadly solicit and generally advertise the offering,
but still be deemed to be undertaking a private offering within Section 4(a)(2) if:
- The investors in the offering are all Accredited Investors §4.1; and
- The Fund has taken reasonable steps to verify that its investors are accredited investors, which could include reviewing documentation, such as W-2s,
tax returns, bank and brokerage statements, credit reports and the like.