b'requirements for investors who dont invest more than $2,000 in an offering. The primary objective of Regulation CF is to create a securities exemption that allows entrepreneurs to use the internet to legally and inexpensively raise small amounts of money from large numbers of investors in a for-profit venture.The rationale behind Regulation CF is that the wisdom of the crowd will organically determine whether a specific project is worthy of investment. If crowd wisdom functions as designed, offerings with solid issuer credentials and well-crafted business plans will be successful, while risky projects or those lacking in substance will remain largely unfunded. Regulation CF also hasanopencommunicationsprovisionallowinginvestorstocomment publicly on an issuers performance. This provision is aimed at quickly exposing fraud or ineptitude before there can be significant loss to any single individual.The rules for a Regulation CF offering include:Limit of $5 million can be raised in a rolling 12-month period The offering must be for a specific projectno blind pools There is no limit on the number of investors No pre-qualification is required for investments of up to $2,000 Financial qualification and limits on investments of more than $2,000 Extensive disclosures and annual audits are required for raises above $500,000 (could be costly) Securities must be offered only through an SEC or FINRA-approved funding portal; issuers cant solicit independently 69'