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for many decades most companies who wish to raise capital have had to rely solely on friends family or their own private networks the overwhelming majority of companies relied on rule 506 of Regulation D to raise capital which didnt allow for general solicitation or advertising that change in September of 2013 when title 2 of the JumpStart our business startups act or the JOBS Act was implemented by the Securities Exchange Commission or the SEC as rule 506 C of Regulation D the old rule 506 which transformed into rule 506 B and a new rule 506 C was introduced so whats the difference between the old rule 506 B and the new rule 506 C the biggest difference is that companies cannot generally solicit or advertise with rule 506 B but they can with rule 506 C that means companies utilizing rule 506 C can leverage the internet social media television radio or even take advertisements on the side of buses to raise money but beyond general solicitation there are other key differences under R