Phoenix Investment Fund, Inc. is a US incorporated investment fund offer registered under SEC Rule 506(c). Rule 506(c) permit ... s 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. read more