b'6. Choose Your Securities ExemptionU.S. Postal Service false representation ordersIf any covered person associated with your offering has experienced any one of these disqualifying events, you should seek counsel from your attor-ney regarding the appropriate course of action. This may include mandato-ry disclosure to investors, denial of participation, or a limit on the amount of investment or type of participation you can allow from that person. REGULATION A+Traditionally, Regulation A was used for small public offerings of up to $5 million. General solicitation was allowed, but unlike a public company, no ongoing reporting was required. The original Regulation A was little used because it required pre-ap-proval by the SEC and state securities agencies, which was a lengthy and often frustrating process. Legal costs for gaining approval were significantly more than the legal costs associated with a Rule 506 offering. According to the SEC, only 19 Regulation A offerings were approved from 2009 to 2012, as compared to 27,500 Regulation D offerings of less than $5 million filed with the SEC in that same period. Prior to the JOBS Act, with its $5 million limitation and burdensome state oversight, Regulation A offerings had become nearly obsolete. As a result of the JOBS Act, the SEC adopted Regulation A+ in order to facilitate easier access to private capital formation for small public com-panies. Regulation A+ updates and expands on the former Regulation A exemption for unregistered public offerings and carves out two new sets of rulesTier 1 and Tier 2, with annual limits of $20 million and $50 million, respectively. Regulation A+ is one of the few options issuers have to advertise to the general public and also allow anyone to invest with few financial limitations. Even with the ability to advertise under Rule 506(c), many issuers have hit a wall when it comes to raising private money. It is estimated that less than 10% of all investors in the United States are accredited.Many otherwise-qualified investors are left out in the cold. According to www.dqydj.com (Dont Quit Your Day Job), as of 2016 approximately 9.86% of American households meet the definition of accredited investors.59'