Has anyone read up enough on this to understand how this compares to the IPO process before Sarbanes-Oxley [1] etc.? The article says that the purchaser must be an accredited investor. Additionally, it says that the &quot;RAISE Act also specifies disclosure requirements for these transactions.&quot;<p>I wonder how close these disclosure requirements are to the disclosure requirements of 15 years ago. Are we basically seeing Sarbanes-Oxley being reverted here?<p>[1] <a href="https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Sarbanes%E2%80%93Oxley_Act" rel="nofollow">https:&#x2F;&#x2F;en.m.wikipedia.org&#x2F;wiki&#x2F;Sarbanes%E2%80%93Oxley_Act</a>