Is an accredited investor questionnaire legally required?

It is not required by statute, but it is the primary evidence used to establish the accredited-investor exemption under Regulation D.

Can I rely on the investor's checked box alone under Rule 506(b)?

Under 506(b), yes, provided you do not have knowledge to the contrary. Under 506(c) you must take reasonable verification steps beyond the form.

The Regulation D exemption may be lost, and the securities become rescindable at the investor's option.

Yes. Accreditation is measured at the time of each sale, and current templates may include categories that a prior version did not.

No. Non-U.S. investors typically sign the Regulation S section instead of the Regulation D section, but the same form is used.

It is not required by statute, but it is the primary evidence used to establish the accredited-investor exemption under Regulation D.

Under 506(b), yes, provided you do not have knowledge to the contrary. Under 506(c) you must take reasonable verification steps beyond the form.

The Regulation D exemption may be lost, and the securities become rescindable at the investor's option.

Yes. Accreditation is measured at the time of each sale, and current templates may include categories that a prior version did not.

No. Non-U.S. investors typically sign the Regulation S section instead of the Regulation D section, but the same form is used.

The accredited investor questionnaire is the two-page document that determines whether your Regulation D or Regulation S exemption is valid.