Fantastic piece, I reference it frequently.

Could you tell me about lockup periods, I’m having trouble finding information. My understanding is that after a securities sale under Reg D 506(c), for example, there is a 1-year lockup for US investors, correct?

Is this true for all exceptions? After that 1-year period, can they sell to anyone, or only other accredited investors?

Also, nothing stops foreign investors from participating in the initial sale, then re-selling to US citizens almost immediately, correct?

If you have the time to respond, thanks in advance!