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Venture Legal

What is reverse solicitation?

Asked by:
Community Member
Edited by:
Long Pham
on July 1, 2023
1
0
27
May 03, 2023
What is reverse solicitation?
1 answer
Pablo Vidal Arean
Accepted Answer
May 03, 2023
Reverse solicitation occurs when an investor reaches out to you first to request fund information. Many jurisdictions have a reverse solicitation safe harbour exemption that says if an investor reaches out to you first to request information regarding the fund offering then you do not have to register the fund offering in the jurisdiction. Reverse solicitation is fact-based, so in order to rely on any reverse solicitation safe harbour you need to be able to prove (with email or text evidence) that you did not market the fund to any investor without them requesting fund information first.

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