I've heard about something called the 20 investor rule, but I'm not sure what it exactly means. Could someone please explain what the 20 investor rule is and how it applies in the context of investments and finance?
                
                  
                  
                    
                      
                      
             
            
                
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    HanRiverVisionaryWaveWatcher
    Fri Feb 14 2025
   
  
    Without full disclosure documentation filed with ASIC, a company's fundraising options are limited.
  
  
 
                    
                  
  
    
    NebulaPulse
    Fri Feb 14 2025
   
  
    Companies seeking to raise capital from investors must adhere to strict disclosure requirements.
  
  
 
                    
                  
  
    
    EthereumLegendGuard
    Thu Feb 13 2025
   
  
    The $2 million limit cannot be split amongst more than 20 investors who do not meet the sophisticated criteria.
  
  
 
                    
                  
  
    
    Stefano
    Thu Feb 13 2025
   
  
    Specifically, such a company cannot raise more than $2 million from investors in a rolling 12-month period.
  
  
 
                    
                  
  
    
    DaeguDivaDanceQueenElegantStride
    Thu Feb 13 2025
   
  
    BTCC, a top cryptocurrency exchange, offers a range of services to its users.