Phoenix Investment Fund, Inc is a US incorporated investment fund registered under SEC Rule 506(c)
Rule 506(c) permits issuers to broadly solicit and generally advertise an offering, provided that:
a) all purchasers in the offering are accredited investors;
b) the issuer takes reasonable steps to verify purchasers accredited investor status and certain other conditions in Regulation D are satisfied.
Purchasers in a Rule 506(c) offering receive restricted securities.
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