Which of the following is NOT true about private placement exemptions under SEC Rule​ 506(b)?
A. An accredited investor includes any natural person who has individual net worth or joint net worth with a spouse that exceeds​ $1 million, to be calculated by excluding the value of the​ person's primary residence.
B. An issuer may use public solicitation and​ advertising, including the​ internet, websites, social​ media, and other​ media, regarding the​ offering, even if there are nonaccredited investors.
C. The law permits no more than 35 nonaccredited investors to purchase securities pursuant to a Rule​ 506(b) private placement exemption.
D. An issuer must have had a preexisting relationship with every investor before making an offer to them to invest.
E. SEC Rule​ 506(b) allows issuers to raise an unlimited amount of money from an unlimited number of accredited investors and no more than 35 unaccredited investors without having to register the offering with the SEC.